Interesting chart.... just can't figure out purple lines although I agree with the one crossing your green lower parallel line and subsequent target?
I think we are in ABC Wave pattern 4 which makes your target C any comments?
PentarhUdi
⋅
@zippy1day, purple trend is counter-trend in after giant 4-year cup. Current ADX (daily and weekly) values suggest big deep comming.
zippy1day
⋅
@PentarhUdi, I see so you would not see it going any lower than $650 if it is the Handle?
PentarhUdi
⋅
@zippy1day, currently no, but hell knows. Anyway that giant cup fig is very bullish one. But needs some dip now.
zippy1day
⋅
@PentarhUdi, Yep been drawing it for along time now but lower levels and so this may be the real deal,,,thanks for your explanation.
felipecms14
⋅
i hope you didnt follow this
coinifity
⋅
Hindsight, it's definitely not a huge profitable trade. It could turn into a loss if you didn't exit in time
PentarhUdi
⋅
obviously fail
AWatchingA
⋅
@PentarhUdi, and so where do we next? 900? Breakout?
I think we are in ABC Wave pattern 4 which makes your target C any comments?