VOLATILE GAINS AS BULL TREND MATURES.
Overview: The depicted scenario suggests that the current trend is unfolding as anticipated, maintaining the outlined trajectory.
The price action appears to be in the midst of a bullish phase, specifically in the third wave, with expectations for phases four and five to unfold before the trend reaches its culmination. The region between T1 and T3 is highlighted for its potential Fibonacci extension levels.
It is anticipated that the gains of the current phase three will peak around P/T1, which will be succeeded by a corrective phase four, dropping to S1*.
The bullish trend, identified by sequence 1,2,3,4,5 is predicted to complete with a final push to the T1/T2 area, which is marked as a target.
Following the bullish trend, a significant A,B,C correction is expected, potentially reaching down to at least S3.
It is important to note that the overbought RSI indicator (not shown), along with the explosive growth in phase three of the bull market, is likely to lead to medium-term volatility. This pattern could mirror the volatility observed in a previous similar period.
コメント