Looks like i may have this h&s incorrect maybe some guidance or coments would be helpful! Thanks
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Looks like we are playing within the new support and resistance. Not much action yet. Maybe a sunday suprise like we have seen before?
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Looks like it has played out as i was thinking. The bulls didn't seem to have the conviction with that push and we are seeing a slight correction into the first day of the new week! Lets see how this recently created support plays out and we may need to re-chart this out. I sold a small portion of my short i was building up and looking to close the rest out another 100 and 150 dollars away approximately. If the price moves back up and they make another run at it ill be watching for that play for a bigger short position.
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the right shoulder cannot be higher than the head...this is more of a C wave from and A, B, C corrective pattern...all part of a larger W, X, Y corrective pattern
2Legit
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@cryptobing01,Okay could you maybe give me an example?
2Legit
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@JulianJG_CryptoJHoly, So your saying that wick is whats ruining that h&s? And your basing thing off elliot correct? Just wanting to learn more thanks! Also i have heard from many that elliot wave isnt always very effective in crypto would you say thats correct? Every single person ive seen use it always seems to give like 2-5 different ways and seems the interpretation can very ALOT. Anyway thanks for the input this is what i was looking for with posting!