Elliott Wave on the Daily looks to be playing out - has been for a while.
TPs = My Wave-5 "area" (3 x dotted blue price markers). No timeline, but I may update the post with one later. Price just needs to stay within the Elliott Wave range.
Invalidation = high volume close below wave-1.
Invalidation = Wave-5 has already hit, giving an ABC correction down to the red 1.618 marker (or even lower).
This has been playing out for ages on the Daily so I'm pretty bullish to at least 36K.
Let's see.
Trade active
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Price action still holding the E-Wave (just).
Trade active
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This one's still working. Needs to break the white channel or price could head back down to the bottom of it and/or range inside it.
Trade active
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Check out the precision tap of my first TP! The E-wave played out like a beauty - charted this over a month ago!
Price could keep going up and tap the other TPs.
Also expecting some dirty down-side again (before the Halving).
Trade active
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Still tracking. Price looks like it wants to push up to the final 5th Wave/2.618fib TP (around 41.2K). Also expecting price to tap @Anup's monthly CPR (around 32.8K) though. Quite sure both get tapped, but unsure which one first.
Let's see.
Trade closed: target reached
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Final TP hit like a glove! Wick just tapping my TP. Closing this chart idea and moving over to my latest post. Nice.