5 waves down here we are about to hit a possible 1.618 wave 3 that doesn't mean it cannot go past 1.618. If we see support here not a bad idea for a play for a possible 50-80% depending on how the wave 4 retrace we get .
long near 1.618 area sell longterm. wait for confirmations
long near 1.618 area sell longterm. wait for confirmations
Note
still on tack ignore the wick that's a tv Error with KrakenNote
obv our main idea too at our current priceNote
re looking at this we have a few options we break above 1.618 and this area is still our 3 since its never to the point but, here are a few alts I have been looking at since we lack much data to base anything onNote
we seem to be attempting to recover back to the 1.618 level if we do and hold it that proves our 3 was here and we are going to move onto our 4 remember levels are never to the exact point but within a given area rangeNote
3 looks valid just went down to 2.236 instead of 1.618 original 5 waves are still onNote
updated waves 2 countsNote
Looks like .236 ect for our 4 was away for a few days but my st l sold near 3.15 taking my 45-75% profits and watch the fall from here good trades tradersDisclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.