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francescoforex
Jul 12, 2021 7:45 AM

BTCUSD - Elliott wave – update - monitoring wave5 down 

Bitcoin/U.S. DollarFXCM

Description


wave 4 over - motive wave down in 5 waves should follow to wave 5
motive wave ((1)) ended at 28800 area
corrective wave ((2)) unfolding in a zigzag - target 36630/38730 area

ALT: wave 4 is not over

monitoring price evolution

critical price area

previus daily close 33509
PP 32570 up

Comment

vawe 5 looks closed - impulsive movement from 64620 to 28860 - (A)
the new bullish movement from 28860 should unfold in a corrective mode to vawe (B)

ALT: wave 4 not ended yet
Comments
TRADiNG_hub
Nice Explain Everything in details 👏
francescoforex
@TRADiNG_hub, thank you - i try to do mybest
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