Guys I have been doing quite a bit of Elliott Wave Analysis over the weekend and on the Sundays open market conditions appear to have changed. On the 17:00 EST 4 Hour Candle price completed and abc Flat Pattern at a low of 35199.10. This ended Wave 2 and begun the third wave in and Elliot Wave 5 wave impulsive leg. Price appears to have started the third leg of this 5 wave leg and we anticipate the third wave target area to be between 38416 and 38879. This 7the wave of the longer correction pattern we have been experiencing should hopefully signal the end of that correction we have been in since May 19th. I have also added some Time Projections for the end of Wave 3 to be between June 7th and 8th +/- 2.
Hello. I was just as planning on going as you were. I only have the gartley patterns at 3 and 4 o'clock showing the directions there. But I closed my position. Pay attention to the surge in the set of short positions on bitfinex. The situation is similar as on May 19
AsproTrader
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@makcumyc001, Hello ..../ You are absolutely correct. Market conditions have changed once again. Price has since pilled back and made another xwy pattern consisting of two minor abc Flat Patterns.
I will be posting an update soon.