Looking at it from EW perspective, wave 3 just terminated between 1.61 and 2.61, which is quite normal. The wave 4 dip didn't go far yet, which is also normal for a wave 4. Im also still looking for the divergence on the RSI, which has not happened yet. `if that happens it means we are most likely in wave 5.
i dont see huge gains left for this next wave. it's usually 1 or 1.6x wave 1, and i've layed out those targets on the chart.
BB
i dont see huge gains left for this next wave. it's usually 1 or 1.6x wave 1, and i've layed out those targets on the chart.
BB
Note
Looks like RSI is already looking exhausted by now. We should get one more little squeeze of maybe 200 dollars. I don't see 7k in this run.Note
Wave 5 continuation in progress. 7k in cards again!Trade closed: target reached
aaaand.. im outtt. waiting for next buy opp
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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.