$BTC : self-explanatory #Elliottwave count W1: 1st impulse W2: sharp correction W3: extended impulse W4 + flat, retraced to the 0.5 fib. of W3 + didn't enter W1-territory, inv. <13.8k W5 mainly targets 160-170k + top channel through 2,3,4 + 1.618 of W4 #BTC #bullmarket
After breaking out of this channel, I believe that Tesla is heading back down to 950 to close the gap.
An Elliott Wave "JK Channeling" interpretation of USDCAD, showing a potential 5th wave to the downwards (with a decent RR)
Well friends, as suggested in my earlier posts SPY was expected to make a new high. That potential has been fulfilled. The price has been channeling for the past few weeks. Now trending at its upper trend line. Expect day liquidation breaks (about 3-7) SPY points to be bought while price channels. Strong support at 324-327 band.
Channeling upwards, will hit the resistance then bounce down, test, and continue upwards. Long Idea - Trade at your own risk