Looks like finishing a 3EW here at 3585. Follow-thru selling possible 10/03 but a lift from these LOTY is likely before lower imo.
Final dig down likely coming in October after a weak pump. Still room to drop, RSI above 30 even now. Then Happy Halloween!
Prior ABC Ideas closed for blowing through projected pivot; we're dealing with a monster here, not a garden variety correction.
Topping formation in Wyckoff distribution. Will sell like Hell, then bounce back into a lower high zone, then sell again... and again.
Looks impulsive. We clearly in Three not a C, which should've turned today.
Three typically = 1.62 x...
As described, here is the updated chart of my 3rd in a 3rd in a 3rd of a single 5 wave motive wave from VDUMPS until now.
Notice the 1-2 1-2 1-2 beginning, requiring a concentric 4-5 4-5 4-5 finish.
Notice the degree of the 2 major corrections within the inner 3rd, the same degree. And then notice the containing wave 2 and wave 4 of the wave 3 in yellow, of...
Looking for another formation on lower TFs to take the advantage of some few percentages to the upside.
More sells will come over at the third bounce of the corrective structure.
On 15 Min TF the Flag continuation Pattern is broken, moving to the upside.
As the title suggests, here is the updated chart of my third of a third of a third elliot wave hypothesis.
Expect a near vertical rally from todays low, as we are within a sub-wave3 of the first wave 5 having completed the larger degree wave 4 of the even larger wave 3.
Next will be consecutive wave 4 wave 5 wave 4 wave 5 of higher degrees to complete the...
It seems I figured out the turning point, the support zone in the last forecast in EURGBP, but more signs should come.
So the support zone held up the EURGBP, and more GBP weakening should come after the price break out upward from the rising channel(0.89 - 0.8950).
If the break would happen then I expect to seem a bigger momentum to go and reach 0.9250 - 0.95 or...
Volume lessens on rising prices, increases on downdrafts. RSI divergent. Small caps have reached .50 Fibo retrace off September's lower high.
SP500 and Dow have a gap to fill down to the 0.50 Fibo.
Three-day rally feels like a B wave, chaotic and widely fluctuant. If so, expect C wave down to the gapfill at the breakout point from Cup near 26300/SandP 2942.
A...
Risk is terrific for both longs and shorts at this juncture; I am sidelined, patiently and prudently waiting.
In a previous idea I hypothesized a double bottom possibly in October. It is possible the markets are grinding out a near-term bottom at this consolidation zone now.
Markets hold tenaciously to this consolidation zone beneath ATH. The September pullback...
On a lower degree, I posted earlier that we're most likely heading up into a third wave. This was, however, on a lower degree. I also wanted to take a look at the bigger picture since the hardfork of BCH. I believe we have finished the second wave and have started into the third wave on Cycle-degree. That would mean we're presently in wave 3 of a wave 3, so I am...
My previously published chart called that a series of 1 & 2 waves had developed. Price looks like it is now dropping in third wave fashion. There's as slight adjustment to the count which makes this wave (3) of ((3)) of iii of (iii).
In the news: Bitcoin Miners Miss the First BIP 148 “Deadline” bitcoinmagazine.com
but, price was already dropping... it's as if...
