After a 1-5, an A-B-C can follow. This may be it.
Testing this guy out again. Clear bottom and clear top.
I am seeing less selling occur on Finex with the Volume Profile, and i think a 4HR close of a green candle will signal the party to continue. Noted is a correlation of a fractal of the previous run to the 3rd Wave of this Elliot.
And then i stopped drawing them manually. 4th is undefined. To me that means we revisit 368 or simply about 1 which is 365.
We can see through Volume Profile(Which is fucking amazing btw), that as we are approaching these key levels of resistance the sell pressure is immense. Also noted on oneyearbitcoin the one year investors are down 63% of their money, which is a huge blow to confidence. 63% is above the 61.8% level, which is the golden ratio. This is problematic as it triggers...
1 Month candle still red in Heiken Ashi Resistance from 475 to 342 not broken Downward wedge still present Still many lower levels to be tested of former holders Long standing downtrend from 1M is still intact.
Now that we have a defined reversal point i have placed the bottom where i would have normally.
Not sure if this goes this way or the previous way published.
Just testing if Fib Spirals work with 9 bars of data from an ATH point. It has been a while since i used them.
This an edit of my latest idea based. TA buddy Romano referenced that the 3rd wave is always the longest in length and i'm always happy to be wrong if i can learn a lesson. This picture is my reference: d.stockcharts.com 4HR window is still closing so i am marking IV as undefined.
We have just completed our Elliot Cycle from 340 to 391 and now are experiencing a retrace in progress from this peak(5 up), expecting 3 down, a dip to 370, bounce to 380, then ultimately 360 which is 38.2% and very critical to keep the momentum going.
We are currently on a trend to beat our Resistances in 1W and 1M. Our first big obstacle is 390. 38x has been pierced and we will sit nicely in this particular channel for a bit. Once 390 is blown through we are looking good for our previous targets of 420/440 and the entire Downtrend breaker of 460.
Within the macro trend we may see falls that may look bleak, but i think the current 11 bar cycles as referenced by a friend(and now verified a second time by me) show that for the next 2 months we will be in a long term uptrend. Credit to RomanoRNR for bringing this pattern to my attention earlier.
I believe we are in the process of correcting from our traversal up an Elliot Wave, 5 levels, and are now coming down, 3 levels in a Major Correction. Currently C is undefined as we are still in a pronounced downtrend. I'm a firm believer in the "danger zones" of 23.6% and under, and believe for a stock to succeed it must not breach this zone, or rather, if it...