Update: Correction of First Elliot Wave of New Cycle Short
Ethereum / Tether USDPoloniex
Description
⋅ Update wiith leg A and leg B of corrective wave ((ii)) appearing to be complete:
Wave ((ii)) ≈ fib. 1.0 extension of Wave A ($308)
Wave ((ii)) ≈ fib. 0.5 retracement of Wave ((i)) ($304)
Wave ((ii)) = fib. 1.238 extension of Wave A ($302)
Wave ((ii)) = fib. 0.618 retracement of Wave ((i)) ($295)
Wave ((ii)) = fib. 1.618 extension of Wave A ($294)
Adjusted target: $294-$308
Many thanks to @MarcPMarkets for his wonderful Elliott Wave education and analyses. Comment
⋅ Update considering extended sideways correction:
Comment
⋅ Update considering extended sideways correction: