wave 5 in 3 time frame

24 thg 10, 2019

In this occasion three time frames of 1h, 4h and daily are in the same direction. In 1h wave 3 of a 5 wave Elliott trend is getting completed. To make things easy to figure out, I am to justify color codes of time frames. dark blue is 1h, hue is 4h and orange is D.
As you zoom in/out you can find Elliott waves in different scales. both D and 4h are finishing their 5th wave of descending trend. Price speculations are doted lines with corresponding color-code, except 1h which its price have been assumed for 3rd wave.
1h's 3rd wave has been accomplished in lowest part of first cluster price. This voids other price lines of 4h and D for wave 5 as we expect additional decrease for wave 5 in 1h. This may prove that w5 for all three time frames could complete in second price cloud.
This cloud can become more accurate in case end of 1h 3rd wave is approved with come correction candles.

26 thg 10, 2019

Ghi chú

As it was predicted, wave 5 of 4h and D time frames were accomplished and culminated with a surprising price pump up to 79% of whole trend in 4h and 62% in D. Since this much of correction mostly occur through an ABC, it needs some time for market to find itself again.
In weekly time frame, current candle is expanding in both direction hitting 7294 and 10540. lowest price may consider to be 68% of wave 3 and the price rise may continue to hit 15000 or even 16000$ to complete last wave of an Elliott trend.