Current priceaction looks very similiar to previous bullrun
I copied the fractal and expect is to retrace in an complex matter WXYXZ
Looking for accumulation between 0.5 and 0.618 Fibonacci on log scale
First elliot wave will be completed with this retracement
Timewise i think end of the year the retracement will be ended
I copied the fractal and expect is to retrace in an complex matter WXYXZ
Looking for accumulation between 0.5 and 0.618 Fibonacci on log scale
First elliot wave will be completed with this retracement
Timewise i think end of the year the retracement will be ended
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don't fight the parabola
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Expecting an impulsive move to the downside to 22k
To complete wave C from an ABC-correction and to complete Y from the bigger WXY
If this plays out there could be another XZ to finish the correction but that still needs to been seen
To complete wave C from an ABC-correction and to complete Y from the bigger WXY
If this plays out there could be another XZ to finish the correction but that still needs to been seen
Bình luận:
Regular flat in X seems completed, projected target Y is 22k 0.5 Fib retracement + 1.0 Fib extension from X
Regular flat in X seems completed, projected target Y is 22k 0.5 Fib retracement + 1.0 Fib extension from X
Bình luận:
Easy 10-day bearflag
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Possible ABC-Correction into Y, currently working on impulsive wave A to the downside
Targetting again the 22k level, 1.0 fib extension of W (Bigger WXY) and 0.5 Fib retracement (log scale) and target of bearflag and rising wedge shown in previous charts
Targetting again the 22k level, 1.0 fib extension of W (Bigger WXY) and 0.5 Fib retracement (log scale) and target of bearflag and rising wedge shown in previous charts
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Multiple rejections from the point of control of the range
Multiple swing lower highs hinting the correction is still not over
Multiple swing lower highs hinting the correction is still not over
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Analysis stays the same, took the liquidity above the local lower highs
The elliot wave count does change a bit, but the complexity remains
We hit the 0.5 retracement in (X) after an WXYXZ correction in (W) instead of an WXY in (W)
The elliot wave count does change a bit, but the complexity remains
We hit the 0.5 retracement in (X) after an WXYXZ correction in (W) instead of an WXY in (W)