It is looking like BTC may be starting the c wave down to finish this correction.
Retraced approximately 85% of the move from highs in a 3 wave structure.
Hit 4 hour supply zone resistance with reaction.
There are 2 fibonacci measured move long setups below, with demand zones within the fib areas.
Also trendline support and recent all time high support within same...
Fib measured move short setup still intact and waiting to hit its target at 41,657.73.
This will be valid until the 61.8% fib is broken at 53,193.92.
Short setup target also should be support for the retest of the recent all time high at 42,000
BYND watching for a bounce from here.
Perfect touch of the weekly demand zone and hard bounce on 3/5, leaving a hammer candle to close Friday.
Also filled daily gap at same level.
Also Held the important $135 level.
27 days down this reversal would be 'on time'
A Large long fib setup first traded in November 2020 with target at 232.74 and is still...
QQQ 5 waves down - the fib extensions measure out cleanly.
Because it appears there have been 5 waves down this implies it is the A wave of an ABC correction.
Now will watch for the B wave up dead cat bounce, before the c wave finishes it and could bring it lower.
There is another more bearish possible count here but wont post that just yet. If this ABC is the...
TSLA very clear 5 waves down and measurement levels are clean.
5 waves down is corrective and has 2 possible outcomes, this being the less bearish of the 2 and i lean towards this more conservative count for now.
It looks like tsla has put in an A wave of an ABC correction, and its very possible the A wave down is done.
Looking for a B wave bounce to start...
going to be watching what happens at the retest of 3200 area - we could still have a c wave down to complete this 4th wave, before starting the 5th wave.
currently targeting at least the ATH of 3400. higher targets at 3500 and 3675