Looking to test this level in Gold. Entry based on H&S target on 15min TF. SL is invalidation of IH&S
Mr Burry said it himself. The beginning of Wave C on S&P. Sold based off rejection on LTF. Nice volume into Weekly close, however. Not convinced due structure. Target based on local Fib extension and Wave 4 pullback level from ath which 0.5 fib is in confluence to this. Seems that Gold is first to lead this market in both directions.
Crypto up continuation will need to break 0.5fib ($157,675) to invalidate more downside. If it doesn't, then. Crypto will follow the red path down to complete Elliot Wave 5. This will complete and ABC expanding flat.
I like to..... Buy into FEAR Sell into GREED bouncing off Key fib levels at the perfect time of fear. Bull div on RSI. Based off these 2 factors ima hodl
I am seeing reversal on ltf. Htf Bullflag for the continuation higher (if we hold 0.5 fib) - Target for this is 0.35 Htf Diamond reversal - Target for this is 0.71
Falling wedge pattern has bottomed imo. Long target is a re-test. if Gold breaks this, could continue up. playing levels till more structure is formed.
'ACT OF GOD' Could drive Fear = Bull Run ?? Targets based on Fib extension Would like to see this play.
Possible correction hitting 350DMA with RSI showing Bull divergence. Reversal (ih&s) painted in green that can send the DXY back to $107.00, this could go higher but will see what type of Wave correction we get. Should see Crypto start to pullback also.
Imo BTC is trading into a falling wedge which is v.obv to see. 5 wave completing ending diagonal in C wave correction. watching for consolidation or wicks into the greens zone. if we bounce there it will be strictly ALT SZN. Don't let these Muppets in s.m fool you!
ABC correction complete on Wave 4. Now looking for 5 wave to the downside to complete Wave 5, Wave B, Wave 4 Any pullbacks or for shorting imo TP is based on Wave 5 completion. SL is what i am comfortable to risk
Moon boys said NO, not going back down. You were warned! Still on track for more downside.. wen wen... could be as early as Q1 2023. tracking LTF for momentum.. plenty of stops being hunted here.
Long to complete Wave 5 on 4h. Entry based on local pullback fib 0.65. TP 1.06680 SL below swing low
Just a quick update... Now things are starting to paint a much clear pic. Right yet to form, where its placed would be perfect, otherwise a run to $111.00 would be a good level to test the highs once more. Lets see.. Target $95. Neckline from previous H&S.