So based on my previous post we broke down below 0.25 and literally plummeted to 0.14, as bearish as this sounds it has created a possible Bullish Elliot wave Supercycle scenario.
From the chart, we now have a completed wave 1-2-3-4-5-A-B-C in blue and have the makings of a larger wave pattern in yellow with waves 1 & 2 complete.
Wave 3 will be triggered if we can break and hold above 0.3
Wave 3 is the largest wave in the cycle and proportional to waves 1 & 2 for scale taking us potentially to 1.00 and beyond.
Wishing the bulls luck here.
From the chart, we now have a completed wave 1-2-3-4-5-A-B-C in blue and have the makings of a larger wave pattern in yellow with waves 1 & 2 complete.
Wave 3 will be triggered if we can break and hold above 0.3
Wave 3 is the largest wave in the cycle and proportional to waves 1 & 2 for scale taking us potentially to 1.00 and beyond.
Wishing the bulls luck here.
looking great so far, fingers crossed.