As predicted before, pretty much we are in correction wave 4 of wave 5 super circle. Targets stays the same as before, marked on a chart. Should be cautious when approaching price level of 1020, check for divergence on RSI and MACD, as it most probably will be the end of the last Wave 5.
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Looks like WXY correction happened after Wave 5 Failure. Expecting flat correction in range of 940-930 so far. Still considers my target zone of 1050-1080 valid. Wave 5 is not accomplished yet.
I thought we were in a wave 5 also but subwave 4 of wave 5 has crossed into the price territory of wave 1 invalidating it according to EW rules unless this is an ending diagonal. Thoughts?
DmitryAleksandrovich
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@Romanesco, There is an exemption from the rule, wave 4 can reach bottom of wave 2. Also to me now it looks like WXY correction, can also happen due to wave 5 failure. But still I believe that wave 5 of grand circle is not accomplished yet. And we going to reach that minimum price of 1050-1080 or so.
jerky_rs
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I think we're in buy zone now 870 but who knows.
Eugene_od
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eahhh, i think TRX goes little bit dipper in Wave 4 because of dumping BTC.
Still waiting .....