ABC its as easy as 123, doe ra mi, ABC BTC baby you and me. Is BTC setting the stage for the next big parabolic crypto rocket ship that so many have been waiting for. and now after a long wait no further ado we give you the elliott count down most likely to launch.
Is EURUSD putting up the big cycle ll pivot ending 1 1/2 year correction and moving into a bullish cycle lll as it approaches fib retrenchment 76.4 Fib extension 76.4 of intermediate (A)(B) prior S/R and algo target -.382 confluence. Only time will tell.
Looks like GBPUSD may be finishing a intermediate C as it finish a minor C for big risk reward ratio. Shorting at the pull back at the gold and platinum zone here offers a very attractive 10:1 if intermediate C completes at the 1.272 of A B.
If I have the count right it looks like they may try and run the stops and this may go a little higher to complete the minor C which then completes the intermediate (B) for a flat then heading short for the intermediate (C). Right now it is bouncing off a strong S/R so we may be done here but I leaning a little more higher.