This is a V2 update to my previous chart.
REVISIONS
1. Wave 2 bottom
Moved the bottom of wave 2 to 10500TUSD, as this is the 61.8% fib retracement of wave 1.
2. Wave 2 length
In an EW Impulse wave, of wave 2 and 4 pullbacks one is a horizontal while the other is more vertical. Right now looks like we are in a horizontal as the market catches it's breath.
LOOK OUT FOR
DISCLAIMER
This is not investment advice. Counter trading me might be a good strategy :D
REVISIONS
1. Wave 2 bottom
Moved the bottom of wave 2 to 10500TUSD, as this is the 61.8% fib retracement of wave 1.
2. Wave 2 length
In an EW Impulse wave, of wave 2 and 4 pullbacks one is a horizontal while the other is more vertical. Right now looks like we are in a horizontal as the market catches it's breath.
LOOK OUT FOR
- Rounding bottom pattern on the hourly/daily, could be a setup into a cup and handle and then, lift off into wave 3.
- Sideways action all week with wave 2 ending around July 11.
DISCLAIMER
This is not investment advice. Counter trading me might be a good strategy :D
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