OMG prepping for a wave 5 run?
There are a few different ways you can draw these Elliot waves, on the 12 hour they appear to form this about-to-be-completed 5 wave structure. Wave 4 trading sideways per definition.
You can see the bullish pennant forming but in this case I think a breakdown of it to the 1.272 fib line will actually signal a start of the wave 5 run.
6/12 hour RSI are on the floor, this thing is ready to run!
Don't trade on my advice. I have no idea what I'm doing.
Looks like I messed up wave 5, that should be placed on the 2.618 line.
You can see the bullish pennant forming but in this case I think a breakdown of it to the 1.272 fib line will actually signal a start of the wave 5 run.
6/12 hour RSI are on the floor, this thing is ready to run!
Don't trade on my advice. I have no idea what I'm doing.
Looks like I messed up wave 5, that should be placed on the 2.618 line.
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6/12 hour RSI have turned up! We're about to go!
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Looks like wave 5 is forming! Don't sell yet! We have a long way to move over the next few days. Remember the second Rule Of Acquisition: "The best deal is the one that makes the most profit."
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One of my first batch of charts and I nailed it. Hope ya'll made money!