Zooming out to the 4 hour we're seeing the next heavy traffic area in purple and the possible 3 wave of our bigger cycle in blue.
In green is the last impulsive cycle imposed over where we are now to show how quickly things could go parabolic.
My proposed wave in red may be far too conservative in both time and price movement estimations.
Markets mirror previous actions. Cycles repeat with variation. Repetition and variation create rhythm. Habits are the rhythms of human life. Markets are reflections of humans. Charts are markers along the path.
I like to look at different charts and different pairings on different timeframes and use different methods and indicators and strategies and then I like to ignore all of that and just do what Twitter tells me.
In green is the last impulsive cycle imposed over where we are now to show how quickly things could go parabolic.
My proposed wave in red may be far too conservative in both time and price movement estimations.
Markets mirror previous actions. Cycles repeat with variation. Repetition and variation create rhythm. Habits are the rhythms of human life. Markets are reflections of humans. Charts are markers along the path.
I like to look at different charts and different pairings on different timeframes and use different methods and indicators and strategies and then I like to ignore all of that and just do what Twitter tells me.