The 5 waves (Green) appear to be done, also marked the sub waves in 3rd and 5th waves. A decent correction would be to the 4th wave bottom which is 50% retracement. However, if this is super bullish, we may turn around at 0.382 Fib (A)
Price going above red zone would mean that 5 waves are not yet done
Take Care. Stay Safe
Price going above red zone would mean that 5 waves are not yet done
Take Care. Stay Safe
Comment:
1st Target hit
Comment:
A & B hit
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A decent attempt to rally but stopped by the 4Hour 200 EMA (Pink)
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I keep mentioning in this chart that we may turn around at 0.382 Fib if we are still bullish, and based on the price movement i created an alternate chart to support that.
I'm considering both scenarios. Take care. Use SL
I'm considering both scenarios. Take care. Use SL
Comment:
The 5th wave was short lived, so we are back to our correction IMO. A turn around at $3600 approx should be decent
Comment:
1st target hit (A) at 0.382 Fib
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Comment:
Hope people took care based on previous chart. Lets see if 0.618 Fib offers support
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A little more down
Comment:
Nice that 0.618 offered support
