knee000

knee000

ltc bull flag? Elliot wave theory suggestion triangle correction pattern

knee000

Studied Elliot wave theory only for about 2 years. Any input appreciated. Is anyone seeing this? IMO, I believe we could hit wave 5 of 3 hit the 4.236 fib and then big correction incoming. If fed continues to raise hike, war escalates, hyperinflation, etc - I believe we may have already complete this wave and we could be just on the BRINK of a much bigger bear...

knee000 Updated 

I posted earlier about a Bullish scenario, here is a Bearish scenario. For the record I am on sideline with this one but learning towards a price dump.

knee000 Updated 

I recounted the waves, Originally I had thought wave (i) started at $1.49 but now look at it it was $1.37 in a leading Diagonal, which allowed wave 2 and 4 to overlapped. This changes a lot of things, I originally did the .618 FIB of wave (i)-(v) and thought 2.35 was the target, and I think a lot of people did too, Hence why you saw a battle at $2.35. When I...

knee000 Updated 

Short term Price Target low $2 Once wave C completes, should fly to $6 Before any sign of corrections Most Traders also see this as the "Handle Forming in the CUP and HANDLE Pattern ANY INPUTS APPRECIATED!

knee000 Updated 

A break in the Leading Diagnal could also then be wave X which would still be Bullish short term, as X generaly move in the opposite direction of the correction Any Inputs Appreciated

knee000 Updated 

In this scenario we could justify a bull run from here I know 1,2,1,2 can be seen in wave 1 but technically you can see in wave 5 as well when a smaller impulse form. also Wave 2 was a flat correction; usually that means wave 4 is a Zig Zag Correction We could also be in a flat correction but "B" (where I put the impulse wave) did not touch 1.28 fib or 1 fib of...