In this chart we can see what appears to be an ending diagonal triangle or Wolfe Wave pattern forming as a signal of the market's exhaustion on the long side, which will call for a return to a more fair price level, and a continuation of the dominant trend eventually. For now, I'll wait for entry signals in this turbulent market and watch how this geometry unfolds over time. I defined some key level lines and price targets for point 5 and 5', and a potential 1-4 line target down. Major props to both David Alcindor and Tim West, who've been a great help in trying to understand what the markets tell me. Have a great weekend folks, cheers. Ivan.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.