TradingView
milanoCZ
Nov 22, 2021 2:00 PM

Elliott wave idea for WOO Long

Wootrade / Tether USDHTX

Description

This is what I watch on WOO. I still expect the correction wave to hit the marked area (it might be already bouncing though, also depends on BTC). My orders are at 1.26 and 1.19. I also noted some estimated target for W3 and W5. Especially for W3 there's a nice confluence of multiple Fib levels, for W5 I'm not so sure at the moment, hence the wider range. From time perspective, the ranges are only illustrative, don't know when the targets will be hit.

Comment

Looks like I made a mistake in marking the waves.
W1 -> W3
W2 -> W4

It would perfectly support the bounce at W4 level. What a pity, would be a great entry.
More