There are two school rules in this model: volumetric analysis and Elliott school
Volumetric analysis: I placed three circles indicating the difficulty of penetration, but it failed three times. Two Stopping Volume and one Up Threat were formed. These shapes indicate the beginning of the decline, not the rise.
As for the Elliott School: It is clear that the rise that occurred was a triple rise, not a five-point rise, and this indicates that it is a corrective rise and not a real motive, and a strong decline is expected again soon.
*In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
Volumetric analysis: I placed three circles indicating the difficulty of penetration, but it failed three times. Two Stopping Volume and one Up Threat were formed. These shapes indicate the beginning of the decline, not the rise.
As for the Elliott School: It is clear that the rise that occurred was a triple rise, not a five-point rise, and this indicates that it is a corrective rise and not a real motive, and a strong decline is expected again soon.
*In principle, I am not a supporter of any direction, but I am only giving my point of view, which may be right or wrong. If the analysis helps you, then this is for you. If you do not like this analysis, there is no problem. Just ignore it. My goal is to spread the benefit. I am not one of the founders of the currency.
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Comment:
I know that the decline is harsh, but I have warned many people with analyzes of various currencies that there is an upcoming decline and we must beware of it. Good luck.
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