Just a quick updated guys.
I'm plotting 3 scenarios:
- Scenario A - WE ARE STILL IN WAVE 3. See points 3a, 4a, 5a (see continuation of pink mini-wave). This assumes we have not completed wave 3 and the current run up is just noise. This targets a 6k double bottom test to complete wave 3, up for wave 4, and then down for wave 5 to complete the mini-impulse wave and the grand wave 5, with potential to reach slightly below 4k.
- Scenario B - WE ARE CURRENTLY IN WAVE 4. See points 3b, 4b, 5b (see dark purple mini-wave). This assume wave 3 has completed and the current run up is wave 4. It shows breaking Elliot wave principles, with wave 4 going into wave 1 territory, and stopping at the All-Time-High Trendline 2 (approx. 8.1k). Then down again for wave 5, to complete the mini-impulse wave and the grand wave 5, with potential to reach around 5.4k.
-Scenario C - WE ARE CURRENTLY IN WAVE 5. See points 3b, 4c, 5c (see blue mini-wave). This assume wave 3 has completed and the current run up is wave 4. It shows breaking Elliot wave principles (slightly), with wave 4 going into wave 1 territory. It assumes the recent high of 7.4k is the turning point and we are in wave 5 right now. , and stopping at the All-Time-High Trendline 2 (approx. 8.1k). Then down again for wave 5, to complete the mini-impulse wave and the grand wave 5, with potential to reach slightly below 5k.
Remember, only a fool relies on one potential outcome!
Please do not use this information for investment decisions. For educational purposes only.
I'm plotting 3 scenarios:
- Scenario A - WE ARE STILL IN WAVE 3. See points 3a, 4a, 5a (see continuation of pink mini-wave). This assumes we have not completed wave 3 and the current run up is just noise. This targets a 6k double bottom test to complete wave 3, up for wave 4, and then down for wave 5 to complete the mini-impulse wave and the grand wave 5, with potential to reach slightly below 4k.
- Scenario B - WE ARE CURRENTLY IN WAVE 4. See points 3b, 4b, 5b (see dark purple mini-wave). This assume wave 3 has completed and the current run up is wave 4. It shows breaking Elliot wave principles, with wave 4 going into wave 1 territory, and stopping at the All-Time-High Trendline 2 (approx. 8.1k). Then down again for wave 5, to complete the mini-impulse wave and the grand wave 5, with potential to reach around 5.4k.
-Scenario C - WE ARE CURRENTLY IN WAVE 5. See points 3b, 4c, 5c (see blue mini-wave). This assume wave 3 has completed and the current run up is wave 4. It shows breaking Elliot wave principles (slightly), with wave 4 going into wave 1 territory. It assumes the recent high of 7.4k is the turning point and we are in wave 5 right now. , and stopping at the All-Time-High Trendline 2 (approx. 8.1k). Then down again for wave 5, to complete the mini-impulse wave and the grand wave 5, with potential to reach slightly below 5k.
Remember, only a fool relies on one potential outcome!
Please do not use this information for investment decisions. For educational purposes only.