Foreign Welcome to another video about cities Chz Um remains my view that we should see One more low yeah of the um of the most Recent significant swing High here from The 7th of November as you will remember We came down and what I consider to be An a wave we moved up in a b wave and We're coming down in a c wave basically Um a y wave overall yeah so if I zoom Out you can see that the move that took Place here is considered a wave two Which is split into a w x y correction Sub wave structure yeah and um This view will remain my view as long as We are holding Above a certain level which is the 12.4 Cent level actually I could stretch it Down to 10.4 below 10.4 I think we're Gonna drop below the Um May low here at 8 cents but until Then we can go with this one two setup Count and in the Wave 2 it's this wxy Pattern and in the Y wave which is a Three wave structure we've got an ABC Highlighted in green here and in this ABC we are in the C wave and in line With previous posts on Telegram and Discord as well as previous videos my View is still that we have run into Resistance here in a wave 4. this Wave 4 Could of course stretch a bit higher That's why we've got an area that is
Highlighted all the way up to 19.6 cents it's the 50 Fibonacci Retracement of the third wave and this Is what a wave 4 can do yeah normally if It would get above that I have to Consider that a low is already in place However in this whole region the way Four can do what at once basically can Dance around whatever Um we already have three waves up So by all means the Wave 4 could be done And in fact we've already seen a little Bit of an impulsive sell-off here today But until we really drop below the I Would say 15 and a half cent level Um this could still with a highlight it Would be a wave four and we have to Assume Um just because of probabilities that The Wave 4 will still stretch a bit Higher and the reason is that Um the area that away four most likely Goes to Is the 38.2 flip level that's 18.6 cents Um So it's purely because of that because You know we've reached the minimum what We should do in a way for we need to be Ready from here we can move down Imminently yeah in fact we have a Possible one two setup already with the Wave three here good short setup Actually that was uh when you see a one Two this is a possible short setup is
Guaranteed to work out of course not Yeah but then you would set a stop loss Above that um wave one high Um or the beginning of the wave one but Um Yeah there is no absolute confirmation Yet that this is already the way five it Could be right but the general consensus Is here based on this analysis that we Should see one more low ideally into the Sort of 14 Cent region this might change But at the moment We can see that better on the one hour Chart if I am if I take the length of This wave one And I add it to the height of the wave Four then Here Then the very first Target would be the 61.8 extension it's the very first Target has 14.6 cents and so it's the Minimum I would expect a more likely Target is actually the 12.8 Cent level The one to one ratio the 1.618 I find a Little bit too long to be honest Um but yeah I mean the one anywhere Between here 12.8 and 14.6 cents that Would be a likely Target for this fifth Wave so that's an update about Chili's I Hope you liked the update if you did Please hit the like button leave a Comment and subscribe and if you really Like the content then please check out The channel membership thanks a lot for
Watching bye Thank you