Are we expecting another ABC correction soon?
1. What a beautiful CCI setup with Triple Divergence and ZLX!
2. This is one of my favorite setups. This usually confirms an EW3(extended wave 3), which we got!
3. A perfect shallow retracement W4 gave us an ATH W5 (possibly still 1 of 3).
4. I had stated to a friend previously that if the previous bar closed above $60, we were entering price discovery. See picture 2 for 4T breakout.
5. The previous ABC corrections have been followed by progressive $ increment and new ATH, within the channel. The last ABC was followed by a huge $26+ 5 W move! See picture 2.
6. There is plenty of Bearish Divergence forming on multiple time-frames! I am currently fading this top!
7. The market has memory! If the pattern continues, then I am expecting an ABC correction before the next move up.
8. However, Luna is mimicking a similar parabolic move as SOL and AVAX once they broke $60!
2. This is one of my favorite setups. This usually confirms an EW3(extended wave 3), which we got!
3. A perfect shallow retracement W4 gave us an ATH W5 (possibly still 1 of 3).
4. I had stated to a friend previously that if the previous bar closed above $60, we were entering price discovery. See picture 2 for 4T breakout.
5. The previous ABC corrections have been followed by progressive $ increment and new ATH, within the channel. The last ABC was followed by a huge $26+ 5 W move! See picture 2.
6. There is plenty of Bearish Divergence forming on multiple time-frames! I am currently fading this top!
7. The market has memory! If the pattern continues, then I am expecting an ABC correction before the next move up.
8. However, Luna is mimicking a similar parabolic move as SOL and AVAX once they broke $60!
Comment:
Link for picture 2. Sorry! I am new to publishing idea, LOL!
