Factor of validation : rise in volume at RS = confirmation
Opinion : probable
Comments : i think we can forgot the 12345 wave count and focus more on pattern recognition. An inverted SHS and measuring the H with the neck line provide the same target as precedent projection. This scenario focus on the symmetrical reproduction of the MACD 1D on a larger segment. The RS need volume confirmation to confirm the projected target.
Chart : original post
Same target as precedent scenario C : *Target : 2-3K *Pattern :ABCDE correction *Factor of validity : staying in the bearish spectrum. MACD 1D centerline crossover. *Opinion : probable *Comments : MACD 1D center line crossover expecting a symmetrical repoduction of a short segment *Chart :
On the scenario C you can have different method drawing your trend line, giving the chart conflictual data in regard of the bearish count. The trend line i draw here maybe a little bit different than the past scenario C post but its still valid.
Take care, Simon
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Fibonacci variant of scenario C :
Trade active
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Short update:
MACD 1D centerline crossover indicate a bearish signal. The duration will depend on the strenght of the trend :
Sorry to ask but is it your dream to fall to 2350 ? I mean would you be happy ? I think we will not go lower then 7k or 6k and after that will squeeze shit from shorters.
Not saying about targets but nice capital management.
UnknownUnicorn1540828
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@damdamm, the point is about to stay objective and not wishing any specific targets and to apply te EW theory, chart pattern recognition which you react accordingly to your conclusion
Not saying about targets but nice capital management.