I think there's a good chance were going gown further to complete the C wave
I think We have completed the five wave structure and now ABC is in the play. B has retraced a perfect 0.618 and now we can wait for C. Although I am a little late to the play I think its still playable with a little bit of luck
I would say its worth it to wait a little and go in a long in this case. Although, this seems like a very complex correction ( coming from 300$ in 08 to 7$ in 2018) but I'd say given the previous support its worth it to go for along aiming the previous long time resistance. very long time play of course
LEts short for a quick scalp to the 0.38 level for 2% profit
We have possibly completed the third wave structure upward and now are in the forth way structure correction. If thats the case going long can offer a good risk to reward ratio at the moment.
I think its very likey fo this share to go back to $200 Channel to make a b pattern and comeback down for completing the C wave. Therefore going long seems like an interesting paly. Although I'm at the end of the day and a bit tired now, will have alook at it tomorow with a fresh pair of eyes
I think this graphs shows the situation which we are in. I originally thought that the fifth wave was over warlier when we hit just over the 1.618 making it the perfect fib ratio. However, the last wave up surprised me. So I considered that maybe we witnessed a b wave correction inside the ABC whih goes over the previoues wave up. However the scenario wasn't...
There's the possibility that we have not completed the first wave of a five wave structure, and we can buy at the bottom of wave 2 for a wave 3 target. It is a long shot, but one which if works out offers great risk to reward
I think thre's a possibility for GOOG to go furthure down and complete the ABC correction wave pattern.
I think theres a good chance that bitcoin is going to go up for the wave 3 of the larger wave wave 3. To play this move I'd suggest buying below 4100 ranges and selling at around 4340. If the price comes below 3970 this theory is invalidated and we should close the trade. To be on the safe side though Id consider placing the stop loss at around 3950
If thats the case then we could be in for a treat rally to 4700 ish levels as part of the third wave
It seems that Tesco has completed its five waves up in August and since hen has been doing a correction pattern. As for what the correction pattern is we have to look further. Which of the pattern I've drawn on the chart looks more accurate?
I think the downward trend should stop somewhere between 44.70 to 48.16. two of the numbers confluent on this region. The RSI is also showing divergant for internal C wave structure. Should we wait for more confirmations or should we place our orders now?
Looking at LHA 45 min time frame I think I can see a clear 5 wave structure. The problem is that the fifth wave is slightly larger than the third wave right now, making it the shortest. Does this small change matters, or can accept?
Have alook at the chart, I think we have now completed wave 3 and should aim for an entrance into long at the end of wave 4
It seems that Monero has now completed the first wave of the fifth wave , and its a good idea to go long on monero somewhere between 0.5 and 0.6 retracement levels of he wave 1. Target for this trade would be the complition of wave 3, based on 1:1 extension of wave 1
Were probably in wave 4 of wave the big wave 5. 16.29 is a good target based on both fib extensions of smaller and larger waves. the small wave 2 retarced to 618 so the 4th wave should retrace low. So I think buying a market buy is a good trade at the moment
Is C really over? Or is C turning in to and ABC itself, wanting to reach 7000s after all? Who knows, exited my trade , waiting for confirmation to enter again. But what could be a confirmation?