Follow on this idea > Possibly nearing the end of an ABC correction
Idea on BTC following on from below idea that impulsive move has started and maybe nearing completion of wave 1
An idea on MATIC that we're partially through a wave 2 correction with an impulsive wave 3 coming next to at least $5
Taking a look at something other than Crude Oil for a change. It appears that Copper is out of a 10 year bear cycle and a bull cycle started in 2016. A look at the beginning; you can see wave 3 hit the 4.618 extension of wave 1 perfectly and then corrected perfectly to the 0.236 level for wave 4 > If you add in the subwaves of wave 5 there is also a nice...
A alternate to this theory > Maybe another leg down before the impulse move up after complex correction
Potential inverse head and shoulder pattern on BTC
Idea on Crude to reach around $77 with a 5th wave
An idea on bitcoin that there is one more corrective leg to the downside to come around $30-33,000 before the next impulsive move upwards.
BNB looks to be creating a symmetrical triangle that could be part of wave 4, wave 5 then up to either 0.382, 0.5 or 0.618 extension...if price drops below $338 it would invalidate this idea (wave 4 crossing wave 1)
An idea on BNB that an ABC correction has been completed at the $210 lows and an impulsive move upwards is emerging. Daily TSI is already bullish and MACD is looking to follow. An alternative is a WXY correction is underway.
Update (alternative) to a previous idea > Maybe oil is in middle of a complex (WXY) correction as part of a larger degree wave 4; Wave C of X could reach $64 area before wave Y towards $50
Simple 5 wave theory on ETH, invalid if price drops below 184$
An update to this idea > Oil touched the .382 extension and now appears to have completed 5 waves up, bearish divergence on 4H timeframe also. If larger degree 5th wave is completed there could be a healthy correction to come.
Bullish EW idea for oil with a 5th wave coming up to $50+, bullish divergence on the MACD
An update to this idea > Possibly still in wave 4 but a more complex correction that could lead to .382 level at $42.73...a break above $45.90 would invalidate this theory and could mean wave 5 has started.
Thinking oil is in a 4th wave now after the 1.618 extension was hit at $46.29, maybe it will form a triangle, the .236 level at $44.07 may be hit before a 5th wave towards $48-50.
Update to previous idea > Possibility of still being in a correction that could lead to $30 area before a bigger move up
Update on previous idea > Nearing the 0.5 retracement level which coincides nicely with the 1.414 extension, could be nearing the end of wave Y of B, unless this gets more complicated (WXYXZ)