Hester Bio
It seems that it is in wave 2 for more than last one and half years . Wave 1 went on from 360 to 3100 and it lasted for 5 years .
Now it has already completed 38% retracement of the whole wave and is taking support at 40 MMA.
If it breaks 40 MMA and starts trading below it ,it can go to 50 % minimum (1750 ) and that is also coinciding with lower end of the channel . Beyond that 61.8% retracement level can take it to 1400-1500 range.
Now we can’t do anything except waiting. Wave 3 can take it to greater heights . But we don;t know where wave 2 will end and when Wave 3 will start.
Already we’re in wave 2 for last 22 months, it can go on for many more months.
Monthly Chart
Disclaimer :This post is just a for learning few methods of price-patetrns. Views are personal. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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