This pattern is defined as a Trend pattern, in which the wave 3 is extended, it is the most probable trend to occurs, very often wave 1 is equal to wave 5 in prices and time,
For picking a top this is an important alert, the more patterns of different wave degrees show 5 waves that are completing, the higher the probability that a major reversal is just around the corner.
This is an early warning so prices could still rise further if the patterns 5 extend.
I am anticipate the major resistance is at 0.52 to 0.54 and correction will reach 0.338
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Investors should be cautious about any and all stock recommendations and should consider the source of any advice on stock selection. Various factors, including personal or corporate ownership, may influence or factor into an expert's stock analysis or opinion.
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