ETH is moving in a corrective pattern from the top of 833. Thanks to Elliott, we correctly identified this move at 802 on May 6 (see below), identified the beginning of Wave B (see below) and called for the start of wave C before it actually began yesterday (see below).
Now, it appears that ETH would complete the C wave around 620. Although it is possible that it could go down to 528 but it seems less likely at the moment. This could be a good opportunity to go long. Of course, it is not a trading recommendation.
Declaration of the start of wave A at 802 (6 May)
Declaration of the start of wave B before it actually started (7 May)
Clarification of the confusing B wave pattern (8 May)
A call for the start of C wave before it actually started (10 May)
Now, it appears that ETH would complete the C wave around 620. Although it is possible that it could go down to 528 but it seems less likely at the moment. This could be a good opportunity to go long. Of course, it is not a trading recommendation.
Declaration of the start of wave A at 802 (6 May)
Declaration of the start of wave B before it actually started (7 May)
Clarification of the confusing B wave pattern (8 May)
A call for the start of C wave before it actually started (10 May)
Comment:
Nearly there!
Trade closed: target reached
