i see a rising flag starting from 21 of september till today , and i see a three drive pattern is happening right now (ABC_CDE_EFG), if i adjust the fibonacci expantion of the first peak (ABC) compared to the secound peak (CDE), i see the fib.exp. 127.2 and if i want to find where the third peak (EFG) would end this rally ,i assume at the 127.2 fib.exp.of the scond peak (CDE), so we have then a resistance area there .
at the same time the third has reached already the top of the flag and this zone is a strong one to be able to push the price down .
first target would be the 38.2 fib.ret. (EF)
second target would be at the 61.8 fib.ret. (EF)
third target would be at the as shown in the chart.
i hope it will be like this i imagined :)
at the same time the third has reached already the top of the flag and this zone is a strong one to be able to push the price down .
first target would be the 38.2 fib.ret. (EF)
second target would be at the 61.8 fib.ret. (EF)
third target would be at the as shown in the chart.
i hope it will be like this i imagined :)