So i've gone back over the BCHUSD chart to see if can see any other variants of my first count i posted. Now for me it all depends on what the first green A wave is. If this is an impulse then we can have a move up to 800-900 region to complete a zigzag. If the green A wave is a 3 wave then we will need to see another leg lower around 80-100 in order for a flat to be a possibility as this would then have honoured the 90% retracement rule for a B wave of a flat before proceeding higher.
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.