APTUSDT Elliott Wave Technical Analysis Mode: Corrective Structure: Flat Position: Wave (4) of (C) Direction: Wave (4) of (C) is still in play Details: Wave (4) is still in play which I expected to be end around 12.5-11.8 which will be my entry point. Next Direction: Wave (5) which will complete the next higher Degrees Wave (C) Target : the area between 22.3-22.8 with about 80% profit, keep your eyes on on the first target around 20.08, the price may bounce back from this area. Wave Cancel invalid level: Daily closing below 11 with 11% loss.
Disclaimer: This analysis is intended for educational and informational purposes only and should not be construed as financial advice. Always conduct your own due diligence and consult with a professional financial advisor before making investment decisions.
nice and clean chart 👌 why is your T1 not a wee bit more down touching the level of your (3) mark?
ahmadsaad83
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@FranzCisco, thanks good Q, simply because my view that we will go to wave 5 and this will be the min Target for this wave, so why I will lose this profit.
if I will put T1 in the level of wave 3 then my view must be that we will have a side way wave 4 which will take a longer time to complete and the top of wave 3 as my max Target, something like this:
now I don't think we will go to this scenario for multiple resonse: 1- wave 2 was as a slightly side way correction, so I expected that wave 4 will be a deep and faster correction, and that what we have hier. 2- BTC halving is in the way, so we must keep our eyes on BTC movement too and may we use the previous targets as a new stop loss points to secure our profits, but I will update the idea from time to time.
so in simple words why I will loss profit when everything tell me that we will go there, and if not then we have our stop loss to save us.
ahmadsaad83
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@FranzCisco, it was a long answer 😅 , we I recheck the chart, I put T1 in this position because it touching the level of the Blue wave (A) , wave C should normally reach the end of wave (A) 😉
why is your T1 not a wee bit more down touching the level of your (3) mark?