stellar completed first impulse wave up, on leg 2 now and appears to be accumulating for 3 leg up, which may come in around the 7th or 8th dec. fun times for stellar, performed very well during massive btc bull in nov.
pivot to a meaningful low came in 1 day early, i used data from high in may and low in september to come up with the date of pivot
dippyduck
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are you saying its gona retrace 50% before the push?
ueccehomo
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@dippyduck, im seeing this as accumulation in preparation for the next leg up. its possible to retrace somewhere around yesterdays lows at 650-670, beyond that i dont know much. the 3 wave up, is usually at least 2x the distance of the first leg up.
ImpureRickSanchez
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Hey,nice chart,may I ask you what's the name of your tool(these circles and arcs) for analysis?
ueccehomo
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@ImpureRickSanchez, the tools are standard on tradingview, but the methods of applying are from youtube.com/watch?v=a6eoz7teIVs which is all based on the methods of wd gann. it really just helps give you a way to frame the markets.
ueccehomo
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@ImpureRickSanchez, and michael jenkins has a number of books published, the best way to find his books is at scribd.com