OK, this is the best count of the (C) wave. it looks good imo. the fifth wave ends at a classic 61.8% of waves 1~3. and the fifth wave also touch the lower channel (it's own channel) and the larger channel...... i believe this is it! finally
don't miss monster divergence too!
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the .618 should be 7034 the (B) starting point is a little off... should be moved a few candles to the right
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correction: 7037
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market doesn't have to touch 7037 but is the ideal target
When you finally turn your idea opposite way = down = more correction down ? Because it will be beautiful signal to buy for me. Opposite thinking. I am watching you and I know your play is beautiful lesson of crowd psychology mixed with technicals. While quietly you achieve your targets :) - beautiful lesson. Thank you.
GekkoTulip
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6200 must be and after that drinking beer
TheZenDegen
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Appreciate you keep throwing up these charts, but we're definitely in a bear market now- no volume on that bounce at 7335 and until we see some capitulation, this downward move is not done imo.
user100000
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@copyrat, the low may be 7058 as shown on the chart
@user100000, we are at 6.9k. so my tought back in january was correct (we will revisit 7k). i also have copyrat's feeling this is not the bottom but let's see what happens. as your botton moved down with the price in the last few weeks, when is your idea invalidated? lowest possible price?