We have passed the 4th wave and looking for the final short term wave and have narrowed it down with zones.But I will be watching for more confirmation as $solana is very strong you could say lol.But as always keeping you updated with my opinions. As always happy trading : )
After further look at this last wave structure their is no way to look at this as impulsive to me after looking at it as their is multiple overlappings. I will wait this out for further confirmation of destination.keeping you updated as these are only just my opinions. As always happy trading : )
Solana is in my analysis opinion in the 5th wave the zone I put above is the zone I am watching for a possible rejection as the 5th wave is the very hardest to exactly pinpoint but I have put the commons down. As always these are my opinions . As always happy trading : )
Usually in a next wave down structure we would be looking at a 5 wave down so unless bears can pass us down the 1.618 extension somehow their looks like a probable chance for a next leg up. As always these are my opinions and will keep you updated : ) As always happy trading : )
Another up or sinking ship?--- Zoom has more likely made a Third wave up recently here instead of a 5th, Reasons why 1: Usually when 5th ending waves arrive we see a 5 wave down not a (WXY) pattern none the less that pattern had finished off and now on the 4th wave in my opinion and 5th would be next , and so being that on the bears perspective if they make a...
Usually in a (2nd wave) scenario we get a ( ABC wave) before the next drop and usually it ends between the extensions from (1-1.618) fibonacci but with (1.618) you start to question an impulse and right now -1.236- fibonacci gives bulls a better chance at this rather than a normal ( ABC wave) but so far we could see a rejection at (common 1 fib) aswell as...
Again this is my idea aswell as my opinion.Me myself still see no wave structure in this impulse unless this somehow ends up being a minor wave 3 forming then my perspective will change here but my opinion is still the same off the impulse scenario. Again I am not saying to short or buy this is just an opinion in this spot. As always happy trading : )
What we could say happened here instead of a 5 wave down recently because their was overlapping and truncations for it to be a 5 wave structure is that we had a (WXY wave) and we had a (ABC wave) structure that we had an impulse from which is rejecting (.786 fibonacci) and I will say this is not much of a 5 wave structure impulse that we just had recently because...
I adjusted some parameters in zones of the figures for the 5 wave down structure . Same prediction for scenario #2 just adjusted lines : ) As always happy trading : )
From my bearish count we could be seeing a bearish (ABC structure) which where we would be currently in a 5 wave structure down and not to put away of the possible chance of a (ABC structure) instead-- but the 5 wave structures final goal around the intersection of the (Original downtrend pitchfork median) and the (parallel channel) within the zone put on the...
Possibility of our 5 wave structure leading down to the 0.618-0.786 whole move fibonacci from our micro (ABC wave structure) to land also with our parallel channel Invalidation : 100% move break As always happy trading : )
As knowing forth this could very well be macro wave 1 structure for Tesla, I've made my opinion here as Tesla has caused some confusion.What I see is a possible (ABC wave structure) formation with what we're currently at being (wave 2) minor of a (primary structure) (ABC) down move and I have matched the (C wave) with 1-1.236 extension also meeting the whole move...
Still have a open position -- Reason being bart patterns are very risky bets as they can go both ways since they usually form at the end of triangles and I put my stop higher expecting a possible scam wick and the reason I have kept open are the following 1: 3rd wave has went below 0,5 fibonacci - 2: the possible c wave has went to 1,618 meaning this could be a...
We did have the accumulation coming up the pattern so this a short position I will show STOP zone is shown TAKE PROFIT shown in green zone As always happy trading : )
Also just to clarify on this last leg you could've of said or thought it was an (Impulsive wave) since usually after a (WXY wave) theirs an impulsive leg after but if you went into the (Minuette) scale you would see this would be a truncation as our "3rd wave" was overlapped with our 1st wave causing the failure of an impulsive. Just was setting a clarification...
Btc has made a (WXY wave) since we started with (ABC wave down) then a (ABCDE wave) then recently a (Expanded flat) wether this is continued or another (WXY wave) occurs time will tell but as of now I'm still bearish sentiment until I see changes As always happy trading will keep you updated : )
Finally got done with that jumbled mess that we started with but basically by wave count I can see we ended off with a ( ending diagonal wave) I will need to let it go further to get a real glimpse of where we are at especially some of these divs play off but this what I see where we are at atm so far I'm bearish sentiment. As always happy trading : )
As I did say before I expected a drop in the short term which we did but it seems that bulls did hold daily fibonacci pivot R1 and it seems we could say we have a (Right angled bullish broadening wedge) . Will we break or will we fail to break and have a fall? As always happy trading : ()