Hello! The price found support at 10,000. Currently, we expect a correction and a continuation of the upward movement. Locally we recommend to consider purchases from levels 10200,10300,10400. The target for wave D is 12,400.
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Localy
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up h4-h41
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up m15
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Thanks for the update: Best EW count Possible: But as i see Downside not going to stop soon At least 60 more days(weekly down wave time) either stay here make any complex pattern or GO DOWN: for upside need a solid
Candle pattern in High TF Lets c
UnknownUnicorn3511625
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@Amjadsid, For this template there are only 3 places for secure transactions.
Buying in Wave C in Wave D.
Selling in wave C in wave E.
And of course, the exit from the "triangular" model after the formation of the first impulse wave of growth in wave (5).
In other cases, the risk of making a mistake is very high.
UnknownUnicorn3511625
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@Amjadsid,
Yesterday, the correction model was not confirmed due to the ongoing decline, so the purchases very quickly lost their relevance.
Amjadsid
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@QuantumHF, It happens.. if ur correct 10 time single mistake does'nt matter: u guys r doing Great Job for the community: and i will recommend
new traders to join ur Paid service: they will Learn as well as Earn in short time
UnknownUnicorn3511625
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@Amjadsid, However, we do not have a paid service:)
Our task is to manage customer assets.
Cruddest
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how could you predict a pattern when you have 2 of its essential waves has not happened yet?, im not saying that its right or wrong but i think its a big mistake to predict that far ahead , you only need to anticipate the last wave of the pattern to nail it correctly , taking it wave by wave and see where it goes and see the Similarities and build on that your next move.
again im not saying that you are wrong but seeing that far a head is a big mistake , good luck
@Cruddest,
1) In fact, the point of conclusion of the transaction, the exit point from the loss transaction, the exit point from the transaction to profit is important. The rest is art in analytics (it should not be taken to heart).
2) Further development of the situation is predicted based on market intuition and experience.
Cruddest
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@QuantumHF, what you said is irrelevant to my point, however what i said was only an advice nothing more
and btw in your second chart , you marked the count with( a b c ), and you predicted the it will go up in the other direction as ( a b c ) , but when it failed you modified your count into
(a b c ) as wave (a) then you made a pull back as wave (b) then you counted the next wave down as ( (i) ( ii) (iii) (iv) (v) ) , you cant do this count it doesnt exist in elliott wave theory
unless its a flat patter , but this is not a flat pattern , you cannot say 3-3-5 unless the wave (b) has retraced 60% or more of the wave (a)
but in this can your wave (b) didnt reach 50% , so your count is invalid.
although you were expecting an abc wave on the opposite direction , the market made a 5th wave and proved your count was invalid for abc , but yet you modified it in your favor and
how you want it to be, because you already predicted far ahead that this is going to be a triangle , so basically you are playing mind games with yourself :)
anyway, nice to meet you and good luck in your analysis !
Candle pattern in High TF Lets c