We may have 1 more 5th wave to a target of $650-670 if this impulse 1-5 plays out. However, we need to have a correction before that. The price going below $500 will invalidate the count
Its also positive that price has broken out of the downward wedge formation decisively.
Also we can see that overall correction appears to be over with a major ABC completion which has 5-3-5 waves. This chart shows the minor abc (green) and the final 5 waves down (red)
#BCH at these prices is a steal in the long-term
All the best!
Its also positive that price has broken out of the downward wedge formation decisively.
Also we can see that overall correction appears to be over with a major ABC completion which has 5-3-5 waves. This chart shows the minor abc (green) and the final 5 waves down (red)
#BCH at these prices is a steal in the long-term
All the best!
Comment:
We managed to stay out of the channel
Trade closed: stop reached:
As mentioned, price going below 500 will invalidate this structure
