building on the idea that we're still in wave 4, and there's still a bit more downside to come.
most of the market looks to be in an expanded flat down in this local region region. i could absolutely be wrong about the e.f as well, so do your own research.
I was counting it slightly differently, setting your A as 4 and your B as 5, completing the wave 1 on bigger timeframe on 17th april, and we are already in correcting wave 2 with 5 move up forming A and should see B and C come up in coming days. i guess key level to look for would be the upside 14275 or downside 13775, any thoughts?
Carlos_Valenzuela
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So that could mean a BTC drop all the way to the 200 WMA at aprox 21K?
@Eloquent, thanx, you are right is around a 5% drop on the nasdaq. That's awesome cause if 37.4 that would respect your deadline for the BTC bullish scenario...
Only_Losses
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Does this change your projection for ES?
Eloquent
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@Only_Losses, we haven't reached the downside algo target on es yet, so i'm still expecting a sweep to that general region
we're in a pretty significant squeeze right now, so it could easily grind higher to the extremes before it breaks
i guess key level to look for would be the upside 14275 or downside 13775, any thoughts?