Hi
As you see in the chart our dear FTM has been completed its huge bullish rally after hitting the price ATH 3.3593 and made wave 1 cycle and then started its corrective waves (1,2,3,4,5) to make a ZIGZAG for wave 2 (as usual). Wave A (Primary) of this ZZ (Zigzag) ended in 0.1614 and after that an ABC (Intermediate) started. Wave A (Intermediate) and then wave B ended to make a Channel to estimate the end of this FLAT{(ABC)}.
For next days we can expect a bullish motive wave to make wave (C) and complete B (Primary).
If our interpretation is correct so we can expect another bearish movements for this PRIMARY CORRECTION (ABC) to make the next lower low for wave 2 (Cycle) in the level of 50 to 61.8 or ever lower levels to 78.6 AND THEN OUR BIG WAVE 3 WILL START.
Do not forget that Elliott Wave counting method is an ocean of possibilities.
THANKS
As you see in the chart our dear FTM has been completed its huge bullish rally after hitting the price ATH 3.3593 and made wave 1 cycle and then started its corrective waves (1,2,3,4,5) to make a ZIGZAG for wave 2 (as usual). Wave A (Primary) of this ZZ (Zigzag) ended in 0.1614 and after that an ABC (Intermediate) started. Wave A (Intermediate) and then wave B ended to make a Channel to estimate the end of this FLAT{(ABC)}.
For next days we can expect a bullish motive wave to make wave (C) and complete B (Primary).
If our interpretation is correct so we can expect another bearish movements for this PRIMARY CORRECTION (ABC) to make the next lower low for wave 2 (Cycle) in the level of 50 to 61.8 or ever lower levels to 78.6 AND THEN OUR BIG WAVE 3 WILL START.
Do not forget that Elliott Wave counting method is an ocean of possibilities.
THANKS
Trade active:
Hi
It seems that FTM is playing as we expected and
for now is finishing wave 2.
Thanks
Bye
It seems that FTM is playing as we expected and
for now is finishing wave 2.
Thanks
Bye
I am too busy because I am managing many symbols in different markets
so I decided to share my watch list with whoever want it.
Link Address: www.tradingview.com/...watchlists/47204092/
I hope it can be useful for you
Thanks
Bye