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Mayfair_Ventures
May 9, 2021 7:54 AM

Elliott Count update, continuation Short

Ethereum / U.S. dollarBitstamp

Description

As the weekly Elliott level post - Elliott had yet to complete its impulsive move up.

Here's the updated count and move - logic is that we are now at another 618 key level. We can define the waves within that last push, what was assumed 5 was only a 3.

So here's a simple update.

Not looking to short, but won't take the long until this pullback.


Disclaimer
This idea does not constitute as financial advice. It is for educational purposes only, our principle trader has over 20 years’ experience in stocks, ETF’s, and Forex. Hence each trade setup might have different hold times, entry or exit conditions, and will vary from the post/idea shared here. You can use the information from this post to make your own trading plan for the instrument discussed. Trading carries a risk; a high percentage of retail traders lose money. Please keep this in mind when entering any trade. Stay safe.
Comments
exodus23x
-30% red week here we come!
UnknownUnicorn4127247
Beautiful analysis mate!
bot-spot77
Excellent as always. Very useful indeed.
daliukas123
How low do you think it could go? 2600 or higher/lower? Thank you
daliukas123
Is it still valid? Thank you 😊
Mayfair_Ventures
@daliukas123, just waiting on the 4 😄 - it's insane how high it can keep going. But still sat on my hands.
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