Hi,
I am an elliott wave trader and I believe 2 patterns could play out here.
A common "Expanded flat" wherein wave B goes beyond wave A, and wave C overshoots wave A. We will see another bounce to 36-44k, dump to 24k and possibly 17k on the last wave (1W 300MA bounce).
and a rare "Running flat" wherein wave B goes beyond wave A, and wave C fails to move past wave A. Wave B to C will be at a maximum size of 100% from wave 5 to A. (We should close and bounce from here at 32800).
We are at an extreme fear level people, chances are, whales could be getting in now while we are still looking get in at 17 to 28k.
I am an elliott wave trader and I believe 2 patterns could play out here.
A common "Expanded flat" wherein wave B goes beyond wave A, and wave C overshoots wave A. We will see another bounce to 36-44k, dump to 24k and possibly 17k on the last wave (1W 300MA bounce).
and a rare "Running flat" wherein wave B goes beyond wave A, and wave C fails to move past wave A. Wave B to C will be at a maximum size of 100% from wave 5 to A. (We should close and bounce from here at 32800).
We are at an extreme fear level people, chances are, whales could be getting in now while we are still looking get in at 17 to 28k.