The 5 waves (Green) appear to be done, also marked the sub waves in 3rd and 5th waves. A decent correction would be to the 4th wave bottom which is 50% retracement. However, if this is super bullish, we may turn around at 0.382 Fib (A)
Price going above red zone would mean that 5 waves are not yet done
Take Care. Stay Safe
Bình luận
⋅
1st Target hit
Bình luận
⋅
A & B hit
Bình luận
⋅
A decent attempt to rally but stopped by the 4Hour 200 EMA (Pink)
Bình luận
⋅
I keep mentioning in this chart that we may turn around at 0.382 Fib if we are still bullish, and based on the price movement i created an alternate chart to support that.
I'm considering both scenarios. Take care. Use SL
Bình luận
⋅
The 5th wave was short lived, so we are back to our correction IMO. A turn around at $3600 approx should be decent
Bình luận
⋅
1st target hit (A) at 0.382 Fib
Bình luận
⋅
Bình luận
⋅
Hope people took care based on previous chart. Lets see if 0.618 Fib offers support