DmitriKnjazev

DmitriKnjazev

To take a measurement from the symmetrical triangle we need to: Project the height of the base from the top of the triangle. Drow a parallel from the top of the baseline. And here is our target zone: $5 000 - $6 000.

DmitriKnjazev

Here we see the trading corridor. We left the corridor in the end of the year and touched the $20 000, bears pushed us back to the corridor very quickly If the red line will be crossed and we will be testing the $8 000 level the drawing of the opposite movement can be projected ( the black line projection). If there will not be a quick return to the corridor, the...

DmitriKnjazev Updated 

The Simple zigzag correction is depicted on the chart with blue A-B-C and Fibonacci retracement is seen behind the wave. There are 4 resistances/support levels matching the Fibonacci retracement line: $11600 (0,236) $13000 (0,382) $14000 (0,500) $15640 (0,618) Now we are on the 0,236 level. I see two scenarios for the Elliott wave development: 1....

DmitriKnjazev Updated 

1 bar = 4 hours. The distances between the tops and the bottoms of the latest price movements returns us almost perfect Fibonacci match: * 13 + 22 -> 36 * 36 + 22 -> 59 * 36 + 59 -> 95 * 95 + 59 -> 154 / 4h = 27d for the 3rd wave 95th bar (ending of the 2nd wave) falls on the 15th of January, so I expect that current movement down can last up to 3 more days and...