Last week I made the mistake of calling the end of the B wave two soon, I should of waited for confirmation of a complete zig zag. I measured my projected target of C from what I *thought* was the end of the B wave. Looks like it needed one more jump. New Target 5.10 zone
Head and shoulders top, and a possible C wave correction. Target $35-$41 zone.
Looking like we are about to break out of the B wave triangle. Target of 8.20.
Oh god don't buy this. Double top + full wave count. Next target $31
Even though we are heavily over bought (clearly shown on larger timeframes) at the moment, my count says we have one more leg up before some downside. My target is around the 750 zone (stamp) but I feel like it will truncate, and not have the bull power to extend all the way there.
The start of this wave (A) was a very corrective wave, suggesting that this is just an ABC corrective wave, and there is still more downturn to go. The red arrow is not a specific target, its just to demonstrate more down to come. Next target 350 (stamp)
End of a downtrend? If we don't break out this channel soon, then we have one more wave to go up before a correction.
Unless this will somehow end up being an extended wave 3, I see nothing but corrective ABC in a larger downtrend. See previous post for targets.
I can't believe I'm publishing this, because it seems too bearish. Wave B triangle indicates we have one more wave to the downtrend. Here is my measured target. Interesting note, the end of my measured downtrend also happens this thursday which is the next scheduled Gox announcement. Hmmmm
Target around 599 for final wave C before heading up to other planets
Wave C usually is *at least* 61% of wave A, which would take us to my target at 343. However, that is not a rule, just a guideline. We already hit a Fibonacci number last night (38% at 527) so would could go up from there, however, when I look at the waves in the C wave itself, it looks like it has more to go. Keeping a close eye on it, because when a C wave is...
Here are some targets for stamp. Zoom out of the chart to see how these targets also match with previous support on the daily.
Mt Gox is the clearest to count for EW right now, so I'm going to publish this chart. If we are just ending wave 4, then here are my wave 5 targets based on common fibonacci ratios.