Saint_Pump

Saint_Pump Updated 

I anticipate more sideways action during the next upcoming days. As you can see we landed a perfect 1:1 extension from the pivot of the 1-2. While digging deeper into the current waves, i see a potential corrective pattern of a higher degree that what can be seen on H1-H4. I will post the chart in the comment. If you have something different, feel free to post...

Saint_Pump

I see a last impulsive wave going down once the correction is finished. Right now we have two clear waves making 3 curves. Corrective target: 7140 to 7450 (0.236 & .382 fibos) Two options: A 5 wave structure to finish to make a 3-3-5 zig zag corrective pattern or some side range action, triangles of 3-3-3-3.

Saint_Pump

Bottom should be around this area, 5th elliot wave + E of the falling wedge

Saint_Pump

In my last TA I explained how a failure to break 8730 would extend the correction for an WXY combo. It is exactly what happened, I nailed the 8730 target, but I also did thought that we would go further down. We almost touched the 0.5 which is a decent correction for a wave 2. As we stand the problem remains the same, we need to break this critical area for a...

Saint_Pump

While comparing EW counts from a lot of people it seems that no one is on the same page. Regardless of the structure, I am confident that the first wave finished at 9185. Arguably, you can trace an ABC correction in the current structure of wave 2. We saw a good reaction on the .382 which seems to be fading out, or at least having trouble to break 8.6k. These...

Saint_Pump

Final subwave before a correction. Bollingers squeezing on M5, breakout of the flag soon enough.

Saint_Pump Updated 

So far the bounce up is in play. MACD: Bullish RSI: Bullish divergence confirmed with a set of lower lows and higher highs. We tested the support two times, it looks solid at the time being. On an eliott wave perspective we currently have 1 wave up, a wave 2 as a double bottom and a small wave three that went for a 1:1 extension. The EMA 55 is a decent target...

Saint_Pump

A 1:1 extension would bring us to 7k7 for the thirth wave, which is a safe target to close your short if you want to play the pullback. Note that the 1.618 is on the FW's support. It could go this deep but we don't really want that. I suspect wave two to be completed, but if it's not the case, I expect a bounce to 8.275 on the 0.382 at best.

Saint_Pump Updated 

EMA 100 act as a resistance. MACD Bearish Volume Declining We are almost hitting the channel resistance