Any chance you could please elaborate on why the 3,4, & 5 on your chart are representing? Just trying to gather a better understanding of what I am looking at. Thanks!
rottnpicks
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@jhall141023274, They are representing future price targets for a long position. He had this charted about 8 months ago we are looking for a wave 2 to confirm.
@rottnpicks, thank you! So would it be fair to say now that elliot wave 2 has been confirmed since it came down and touched the buy zone and bounced off
rigorocks
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@jhall141023274, rottnpicks is correct we are waiting an elliot wave 2 to confirm the elliot wave count. elliot wave is a tool we use to organize the chaos.lots of great resources out there on elliot wave. the 3, 4, 5 are my future price targets. i hope this helped
jhall141023274
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@rigorocks, @rottnpicks thank you both! So would it be fair to say now that elliot wave 2 has been confirmed since it came down and touched the buy zone and bounced off?
@rigorocks, Thanks Rigo, I notice you have wicks off on this chart which is giving a more defined wave count. Something I've been Fighting with on the wave side of things...Wicks on wicks off, I Guess the answer is look at it both ways. Any how, thanks for the updates. Greatly appreciated.
rottnpicks
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@rigorocks, never mind wicks are on, just couldn't see them.
debonairTortoi79219
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@rigorocks, Hey Rigo. Price has actually reached 1,07$ right to the cent as far as the long scale 0,95 fib concerns and as you actually calculated and repeatedly posted in most of yous charts. Wow!!! Thank you!!! If it’s no trouble for you to quick update in sort and long scale base I would be thankful. I’m quite new at all of this and trying to be careful. Thanks anyway!!!