@W3hunter @myleogbHow about a trip down memory lane again with...

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    @W3hunter @myleogb

    How about a trip down memory lane again with wave theory???

    Below is TNR, mind the messy chart!

    I think it has just completed and expanded flat correction for wave 2, i.e. 3,3,5 format where the main B (red) wave exceeds the top of wave one. Wave 2 correction (red C) has landed perfectly on the 61.8 fib level of wave one.

    This one has had me confused for quite a while now, but with the funnymentals lining up with options expiry and resistance / congestion zone (red box) all converging around the 62 fib level of wave one peak to wave 2 bottom, could be an explosive move up to the 2.618 extension at ~12c. 8c would be the 1.618 target first off but I think this will have more legs than 8c, time will tell.

    In any case, the weekly momentum has turned and a weekly close above 3.5 could be the start of a 3rd wave!

    The monthly chart lower is a bit clearer!

    TNR Weekly;
    https://hotcopper.com.au/data/attachments/4007/4007658-aa1bddf737dc06f4d01a368d8d588df8.jpg

    TNR Monthly;
    https://hotcopper.com.au/data/attachments/4007/4007709-904b8d458270cea563d6ae18006dd34b.jpg

 
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