We have been watching this chart for a while now B wave is still climbing slowly with a lot of divergence on RSI Expecting a reversal at the 161 fib level, Crab pattern
We have no created a Crab Pattern with price hitting 161 fib level Expecting a reversal to complete the larger Running Flat pattern Watching for set up on the lower time frame
We got our forecast-ed drop from our last analysis Due to the nature of the up wave our pattern changed to an Expanded B wave Flat Our current C wave should be nearing the end. watch on lower time frame for reversal The next down wave should break the Previous Low
We are now approaching the trend-line from our previous pattern. Expecting from sideways correction before breaking the Top
Seeing how price hasn't been too impulsive since the the completion of the Running Flat mean we have to be prepared that we might be making something more complex I'll be watching how price moves at the 127-141 fib level as we can have a down wave which signifies an Expanded B-wave Flat (the Large Contracting Flat pattern would be changed)
Our previous forecast showed that the way price recently moved there was a strong possibility for an impulse to downside creating a more complex pattern on the Daily time frame Watching price on the lower time frame for reversal to the upside
Our current Butterfly pattern has hit 127 fib level Waiting for bearish set up before confirming the downside as it is possible to get 1 more up breaking the top (&/or 141 fib level) before dropping
Wave C about to complete Would like price to break previous bottom with Divergence in MACD and RSI before upside
From our last forecast we got both expected waves Our current wave looks like its about to end Watching for reversal sign once the bottom breaks
C wave has extended further but still within the Flat pattern Still watching for reversals sign to break the bottom
Due the to price breaking the previous (A) top the pattern has now become a Bullish Expanded B wave Flat Have a Bullish outlook in the short term Still believe we will have a 5 wave down breaking previous bottom on the Daily but will have to monitor chart If it breaks the top of wave (2) on the Daily then pattern and Forecast will have to be updated
We are currently in Wave C of an Expanded B wave Flat Watch on lower time frame to have a better idea of when the wave will end before upside
The B wave is nearing completion Watching for reversal signs for C wave to complete Running FLat
Wave C now approaching 78.6 fib level giving us a Gartley Pattern
Watching price as it approach 88.6 fib level 113 if it breaks the previous top