Ok,
So, the main questions is where will it end?
If we look to the first illregular correction WAVE C ended at the Fibonacci Retracement level of 2.618 or
What does this tell us? First, it tells us WAVE C is going to end at approx.
Usually, these corrections are found after a complete 5 wave cycle. We did NOT have a 5 wave cycle and are in the 4th Wave position of a larger wave.
What do we need to do?
First, we need to watch the price. If
Second, we need to stay calm and walk away from the computer. People can make dumb impulse moves that can cost a lot of cash for no reason. Believe in your analysis.
Third, use indicators as back-ups to see if your analysis is holding weight or not. I like to use the CCI, MACD, and TRIX. But of course there are thousands of indicators so use what works best for you.
But, hopefully we will see a strong bounce after the end of WAVE C. Euphoria is once building again and I surely expect a quick recovery. If we do not see a higher volume levels during the recovery then that could be an indication of a failed 5th Wave.
*This is for educational & analysis purposes only*
Stay thirsty my friends,
-AB
Bình luận:
The Turn...
The Turn...
Bình luận:
Looks like we are closing in on the end of the U-Turn. LTC/BTC is looking attractive here.
Bình luận:
Đóng lệnh: đạt mục tiêu
Finally my friends, the end of the double correction! We have high volume and the wave pattern held perfectly. Expect to see a Reflex Point form from this downtrend and then we should begin the extended 5th Wave.
Stay thirsty my friends, now is the time to flip the ignition switch.
-AB