I'm unsure about the Elliot Wave count on this WXY correction, but it looks plausible at the moment. The J Powell speech created quite a strong reaction, but I think it's unlikely that it's the start of a large impulsive move up. Instead, it looks like the B wave in a zig zag... I think.
Stressful trading this atm, because a larger wave 5 on BTC and ETH do not look complete, but I'm short for now.
Stressful trading this atm, because a larger wave 5 on BTC and ETH do not look complete, but I'm short for now.
Comment:
This wave 2 move might be the Wyckoff "test" after the "spring" that I discuss in my previous post on link:
Comment:
Revising my count... and considering that perhaps this impulse up is a wave A of a large ABC.