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We expect because of triangle we have more falling price
But dont forget stop loss you can use our SL but Its better that you put your SL with your own capital management
Be patient to take profit
Y wave went 0.618 to the tick.. w/ the hidden bullish divergence im leaning more bullish combined with the fact we didn't go 90%+ to meet the strong guideline for an X wave which would likely make this an expanded flat to complete 4 of the impulse that began in 2009.
still holding my $SNAP puts waiting to see how Monday plays out.
I have looked at NCAD every way I can and I don't see any other alternative than a triple combo like that. It's a nice buy for a while, but when it hits the 200MA on weekly, it should become an even better long term sell to at least double bottom back at the .80000 level, but can extend further. The structure should take it to break trend line.
Chart says all. This recovery in bear market will be longer and more volatile by far than the 2018 minicrash V-recovery.
Historically, most bears follow a WXYXZ path, with second X weaker than first, a lower high. The Z leg might be at or slightly above the 23 March low; a 5th wave extension could push it down to 1.272 x wave 1, to carry index around 1770. The...
EW labels as charted suggest an ABC is unfolding in a Zig-Zag corrective structure:
The 5-3-5 pattern is emerging, with the C wave 5-impulse remaining to fill;
Bear market rally 'B' wave has taken form of a WXYXZ 3-3-3 minute wave pattern, 3 counter waves each in turn consisting of 3 minute waves (minute labels omitted for clarity); the double topping ending...
When it heads up to the top of a channel like that in a big swoop then stalls out the most logical thing in a bear market is to expect a bart. People are getting all frothy about it shooting to the moon from here but I am not buying it.
I am not actively shorting it yet but I am lightening up a little on the long term long positions I accumulated at lower prices...
Tie-in to my EW combo wave idea for DJI. Indexes could move a bit higher off this shallow pullback on 4/13, to the 0.618 Fibo at 2937, as we saw at the 0.382 level; or rollover straight from here.
A = 360 pips = C... ominous IMO. The secondary selloff could terminate at or near first selloff bottom ~2190; or dig a little deeper, or form a higher low, but it is...
Chart says most all. Expect lower low around 17K in late May or early June.
In 2008 and again in the two zig-zags of 2018, we saw the Elliott complex wave WXYXZ recur.
W is pretty clearly carved out, lol. X1 is nearly completed, or at completion. Short entry for Y.
Y has been a higher low, followed by a lower high at X2, giving the 'hunchbacked M' pattern which...
There.... That is the way to properly label the 7 swing.... I would have liked to have seen my TDI spike on the wxyxz leg, so it is possible that pattern extends past trend line and becomes just WXY, either way drops. If DXY continues down, it's already on the way. I think it is.
Using measured moves to find the WXYXZ waves it looks like the final z wave might have already been found, or at least if it hasn't then the low would be around 5750.
This is in contrast to the previous chart I posted which summarized philakone's chart. In it he found the projection for the bottom of the z wave using internal elliot wave counts and found the the...
This is based on philakone's chart from the 24th. It's complicated but the basic idea is the region from 8400 to 9250 is likely to be toppy and there is still another major bear leg in the works that could take btc to below $5k before the bull market is official
This is because according to philakone we're in a large wxyxz pattern and are still looking for the...
Looks like Bitcoin is preparing to make its final drop to $5400
which is the 78.6% retracement from $3k to $14000
setting up a nice launch pad to send us to new all time highs!
We could break through the channel with force or maybe see slight resistance dragging us along $5500ish
but as soon as we break the channel after bouncing from $5400 we will see the new...
Still sure we are in a Triple Three combination WXYXZ
Currently in the B wave of the Z.
Looks like the A and B waves of an ABC are finishing
C target looks to be ~$8600-8750
FIb confluence zone meeting with Channel top around $8600