ETH/USDT Elliott Wave count 4H TF
Ethereum may start to push higher after a bounce into the 0.382 fib retracement of an impulse that seems to be a 3rd wave.
From the alternative perspective, we have a flat correction in wave 2 which could make wave 4 be a zigzag correction.
Target for a possible wave 5 would be the area of 2.272 - 2.618 fib extension of wave 1 vs wave 2.
From the alternative perspective, we have a flat correction in wave 2 which could make wave 4 be a zigzag correction.
Target for a possible wave 5 would be the area of 2.272 - 2.618 fib extension of wave 1 vs wave 2.
Comment:
and we have an impulse to the upside that may be wave 1. Also we have a little rejection into the previous top. Can it break it? We will see...
