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Wave Theory Learning
Daily chart on November 8, 2024
The forecast given on October 31st, "breaking through the recent target of 73777 to 76955", is very close, only $100 short.
Assuming to start a new pump from the red dot, target 114000.
Only when it falls below the green dashed line 74099, can it possibly make a retracement to the red line. Not falling below is not a retracement.
The retracement of the red line must be greater than $2750 and be 0.2-0.618 of it.
#WaveTheory Liu Yudong