Nathanael
Short

Mt Gox Elliot Count

MTGOX:BTCUSD   Bitcoin / U.S. Dollar
247 9 2
Mt Gox is the clearest to count for EW right now, so I'm going to publish this chart.

If we are just ending wave 4, then here are my wave 5 targets based on common fibonacci ratios.
Nathanael
2 years ago
Here is the chart with a nice channel :)
snapshot
Reply
ovidiucs
2 years ago
Why start wave 4 at wave e and not a where it made the highest retracement at a ?
Reply
Nathanael ovidiucs
2 years ago
good observation, but elliot rules are you measure the preceding wave from wave e of a triangle.
Reply
ovidiucs Nathanael
2 years ago
I see. I didn't knew that. Do you think that overall this is likely a flat correction or an irregular / zig-zag ?
Reply
Nathanael ovidiucs
2 years ago
what time frame are you talking about? the long term correction on the 4hr - daily?
Reply
ovidiucs Nathanael
2 years ago
daily
Reply
Nathanael ovidiucs
2 years ago
Its a tough call, as there is a lot of bullish sediment, I would expect more of a flat, with the bottom of wave C matching the low of wave A (380 stamp, 455 Gox) However, since wave B did not fully retrace up to the top of the ATH, that suggests we may have a zig zag. Im guessing 75% Zig Zag, going slightly lower then the lows of Wave A. Some serious fear would have to take us there - but you never know.
snapshot
Reply
Frozenlock ovidiucs
2 years ago
In Elliott Wave, you usually label the waves where they end.
Here, wave 4 would end at the end of the triangle.
Reply
RyNinDaCleM
2 years ago
What about the thrust target?
Reply
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out