$BITFINEX:BCHUSD
Wave 3 had traveled to over 400% projection of wave 1. It is interesting also to note that wave i within wave 3 was an extended wave by itself (special case). We then saw an irregular correction as wave 4.
The irregular wave 4 came down to the 23.6% retracement level. You already know that when a third wave extends, the ensuing fourth wave has a tendency to come down only by 23.6% of wave 3.
I have tried to project the possible end point for wave 5. But it has gone above the 61.8% measure of the distance from 0 to 3. Clearly, wave 5 is also extending, the rare case of two extensions within a five wave sequence.
Extending 5th should begin soon. Look for a sub-wave sequence to complete.
Will update.
-AB
Wave 3 had traveled to over 400% projection of wave 1. It is interesting also to note that wave i within wave 3 was an extended wave by itself (special case). We then saw an irregular correction as wave 4.
The irregular wave 4 came down to the 23.6% retracement level. You already know that when a third wave extends, the ensuing fourth wave has a tendency to come down only by 23.6% of wave 3.
I have tried to project the possible end point for wave 5. But it has gone above the 61.8% measure of the distance from 0 to 3. Clearly, wave 5 is also extending, the rare case of two extensions within a five wave sequence.
Extending 5th should begin soon. Look for a sub-wave sequence to complete.
Will update.
-AB
Ghi chú
Sub-wave
Note extending 5th
Ghi chú
Ghi chú
Ghi chú
Spiral Levels
Ghi chú
Ghi chú
Ghi chú
Smart Money on the move...Ghi chú
Above: On Balance Volume + Volume FlowGhi chú
Here is the completed sub-wave.Time to go higher...
Ghi chú
Sub-wave didn’t hold...We should hold this level.
Ghi chú
Next up...
Extending 5th...
Ghi chú
Extending Wave 1?
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.
Bài đăng liên quan
Thông báo miễn trừ trách nhiệm
Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.