Classic 5 way down, with soon expected 3 way HTF correction.
Target: 13-15k as a final move down.
Invalidation: Weekly close above 23,000$.
Levels to watch: bounce box
Signs of potential upside: RSI breakout, bullish divergences on weekly level and close above bounce box.
Target: 13-15k as a final move down.
Invalidation: Weekly close above 23,000$.
Levels to watch: bounce box
Signs of potential upside: RSI breakout, bullish divergences on weekly level and close above bounce box.
Note
We are in the final, 5th wave of this Elliot chart.Note
Closing in to 13,000$ target.
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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.