owerture

owerture

As anticipated in my previous analysis, we had a long sideways price action with the 4th subwave and completed the wave at 8.600. Following my grand scenario, the 5th subwave (Superwave B of the triangle pattern) is headed towards 6.800-7.150 area, which is also my short-term buy zone. I strongly suggest everyone to have a solid confirmation of a bounce before...

owerture Updated 

As we experience another major sell off wave today, i wanted to share a detailed look on my previous analysis, which basically follows a triangle pattern with the upper and lower trend lines create. We’re currently inside the super wave B of the triangle pattern. Subwave C (shown in orrange) of this B wave is expected to touch the lower trendline at 6.700. We...

owerture

Although we experienced manipulative price action fed by FUD in the last week, the triangle wave pattern still seems to be at play. It is expected to test major fib levels and complete the triangle wave structure in the coming days, to be followed up with a major breakdown from the triangle and head downwards through 4k area, if not lower.