The only other possibility would be that this is actually some sort of x-wave but there are multiple reasons why I wouldn't count it that way. First of all, it passes the impulsive litmus test and the chances of there being an extended outside of a is almost none, the retracement ID doesn't confirm an x-wave, and finally, it is also pretty large to be an x-wave. With all of these things considered, and with the larger counts considered, it seems extremely likely that the above pattern fits into the whole, perfectly. That means that I can say with fairly high certainty that this is going to break down very hard, very soon. This chart only shows an intermediate target, I do believe it will go lower than this target after a correction. Refer to my monthly chart for longer-term targets.
“You only find out who is swimming naked when the tide goes out.” -Warren Buffett
Good luck and happy trading!
For more frequent trading signals and forecasts, or if you want to learn how to trade like I do go to: https://intuitconsultants.com
or email: firstname.lastname@example.org
You sound like you're bitter because you lost money because of this chart or another not being perfect. It was somewhat expected that this could happen, which is why you should not be swimming naked. This particular pattern leaves a lot of variation, and actually looking at other exchanges it may even be something else. I do think that this is still going to break down soon, but you are free to post a counter-idea or disregard this chart. I understand EW is difficult for most people to understand due to its chaotic nature and the fact that it is easy for analysts to make mistakes that seem huge, but in reality most competent analysts are able to sell their losers quickly and hold their winners for most of the trend. Since you seem to lack an understanding of EW I would actually recommend that you disregard EW analysis because it will confuse you and you will probably make a lot of mistakes, like holding on to losers for too long.
Please refrain from posting if you have nothing to add to the discussion.
In the future, I'd appreciate if you refrain from posting unless you have something to add to the discussion. You should expect a guy named Scamcoins to be wrong every once in awhile, I am not a god even though you may think i am ;)