Hello
One of my favorites in this market is NEAR blockchain and you know why. I the terms of Elliott analysis, it seems that an expanded Leading Diagonal is happening which is a rare pattern, and so we consider all failures possible for that. As an idea, if it happens we will see a sharp rally at least to the 261.8 % Fibo level.
If it is not a LD is not really important because that structure is an impulse (wave 1,2 of extensions) and we will get out gains very soon.
Thanks
One of my favorites in this market is NEAR blockchain and you know why. I the terms of Elliott analysis, it seems that an expanded Leading Diagonal is happening which is a rare pattern, and so we consider all failures possible for that. As an idea, if it happens we will see a sharp rally at least to the 261.8 % Fibo level.
If it is not a LD is not really important because that structure is an impulse (wave 1,2 of extensions) and we will get out gains very soon.
Thanks
AMA