rdeachaval

rdeachaval Updated 

BINANCE:DOGEUSDT Swing-trading short idea base in fibonacci retractments, VPOC and Elliot wave counting: We can see a complete 1-5 impulse cycle ending in the ATH followed by a retractment that it's starting to look like a zig-zag pattern. According to fibonacci retractments and Elliot wave theory the complete correction should retract to 0.618 fibo level cause...

rdeachaval

Althought some C's internal wave countdown might forecast the ending of the previuos ABC movement, alternative ones disagree and spect a last 5th impulse wave that would find it's end at the bottom of the gray box in the 33K level. There' re also a volume/price bearish divergence and a channel rejection, witch supports the idea that correction is not yet over....

rdeachaval Updated 

As shown in the graph wave 3 it's about to end giving place to a corrective wave 4. The most probable correction point it the 23.6% fibonacci level of due it's also the end of subwave 4 of the preceeding wave 3, witch was an extended wave. Otherwise, if the resistance box is broken, second most probable point of correction is the 38.2% fibonacci level. Wait till...