The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. We see two equally valid scenarios. Firstly, we might have finished wave Y as an ABC. Secondly, so far we only finished wave ((a)), wave ((b)) is ongoing as a triangle, and wave ((c)) is still coming.
Tesla is getting close to what appears to be a big move in either direction and right now I am leaning to the downside with a final target of ~$70.00 for a C wave bottom. Safest bet would wait to see how this triangle that it is in plays out, but for higher risk/reward you could possibly start shorting now trying to catch a c wave top in this $256-270 area. What...
There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in the daily and the weekly timeframe.
The NIKKEI is doing a wave (4) correction as a WXY. Currently, we are working on the Y leg as another wxy structure. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing.
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. It looks like we are working on wave (v) of wave ((c)). We are also at the reversal areas.
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. We see two equally valid scenarios. Firstly, we might have finished wave Y as an ABC. Secondly, so far we only finished wave ((a)) and wave ((b)), wave ((c)) is still coming.
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
It looks like wave X is finishing. We might be working on the final swing of the corrective move down.
There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in the daily and the weekly timeframe.
The NIKKEI is doing a wave (4) correction as a WXY. Currently, we are working on the Y leg as another wxy structure. We are in the areas from where we can reverse. We are looking at two scenarios on the lower timeframe. The first scenario identifies a complete structure. In the second scenario, two more swings are missing.
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. It looks like we are working on wave (v) of wave ((c)). We are also at the reversal areas.
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. We see two equally valid scenarios. Firstly, we might have finished wave Y as an ABC. Secondly, so far we only finished wave ((a)) and wave ((b)), wave ((c)) is still coming.
The primary expectation is now that wave ((b)) is finished and that we are doing wave ((c)). It looks like we are working on the fifth wave of wave ((c)). We are in the areas from where we can expect a reversal. If the reversal is not coming, we will focus on the secondary scenario.
It looks like wave W is finished and we can now see further downside as a wave X. It looks like wave X is missing two more swings to finish as a wxy structure.
As expected we are seeing further downside as a wave ((v)). There are some signs in favor of a reversal which means that the corrective WXY structure down can be finished. However, at this moment, we are still bearish in the daily and the weekly timeframe.
The NIKKEI is doing a wave (4) correction as a WXY. Currently, we are working on the Y leg as another wxy structure. We are in the areas from where we can reverse but the structure looks incomplete as two more swings are missing.
Bitcoin yesterday pump cleared weekly high and performed a SL hunt to 28.5, after that NY retraced it all back and In My Opinion we will crawl up today then jump to 29.4 at least. Could go to 26.9 or 26.8 but losing that level will send it down to 25.1. Thanks for watching
The primary expectation is that wave X has finished and that we are doing an ABC pattern down as wave Y. We see two equally valid scenarios. Firstly, we might have finished wave Y as an ABC. Secondly, wave (v) of wave ((c)) is still coming.