BAND.btc Near term Retrace levels of interest: ABC correction ?
BAND as you know went on a bull rampage.
Now it looks to be retracing some the move.
Most common retrace is an Elliot "ABC" wave.
The EW path is a pure GUESS.
But the Fib Levels are SOLID.
Expect a reaction at each level.
The plotted levels are of the "Golden" (parabolic) Fib of this run
.
My "Book" detailing my Methodology with Numerous Examples:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions <= This Example
Chapter 6: Give me a ping Vasili: one Ping only
.
Now it looks to be retracing some the move.
Most common retrace is an Elliot "ABC" wave.
The EW path is a pure GUESS.
But the Fib Levels are SOLID.
Expect a reaction at each level.
The plotted levels are of the "Golden" (parabolic) Fib of this run
.
My "Book" detailing my Methodology with Numerous Examples:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions <= This Example
Chapter 6: Give me a ping Vasili: one Ping only
.
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