So this is Celr on a corrective journey after having a wonderful run. Currently on a C- wave i think (unless we get another high than 0.192) and expecting this to correct down to 0.149/0.137
i also drew the elliot wave on 4h chart. but from what i drew, this correction is the 4th wave not a c wave(?) i wonder if i drew it wrong or is it better to draw it on the 1h chart? anyway i got similar results though, waiting correction at 0.138
Syl-Crypt
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@riomurasaki, Your Elliot lines are rightly in order. If you look closely on the image below, you would notice that my 1hr Elliot wave is a sub wave of the bigger impulse wave 4 .The reason i didn't take 4hrs is that i am considering that this Pb could extend down to 0.129 which i don't think Celr would get to following its recent strong price movement. If you also rightly place your fibs following the ongoing trend ,you would also notice that the likely the bounce area called the golden zones would be around 0.120(50%) & 0.109(61.8%) which also i don't think it would go to because it is a strong moving trend but if i am wrong,the correction could get down to that level invalidating my speculation of a strong moving trend. We watch and see how this pans out.
riomurasaki
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@Syl-Crypt amazing analysis. thanks for your reply :)