We finished wave ((iii)) lower, now wave ((iv)) looks like a triangle nearing it's end (?)
Therefore, we might see one price go lower to 4000 as a wave 5.
--- > This count gets invalidated if price goes above 5000 !
*This then might be the bottom of this down move.
(Doesn't mean you should buy directly after !)
Therefore, we might see one price go lower to 4000 as a wave 5.
--- > This count gets invalidated if price goes above 5000 !
*This then might be the bottom of this down move.
(Doesn't mean you should buy directly after !)
Note
Short it !Note
Price finished the triangle as expected an going down nowNote
Target hit.I would like just one more push lower even tho 3100 might seems a bit far, I think there is a good chance for it to be broken also.
Note
Note
Let's hope for a quick turn now... I really want my 3100 Target !Note
Price turned as expected but it annoys me a bit that it touched the invalidation level.This can sometimes happen in those type of markets, therefore I'm not changing my count for now.
Notice that when you switch to a line chart, the count remains valid...
Note
I'm confident we have 5 waves down as a wave (3), now price is in a correction higher in wave (4). ** IT'S NOT AN OPPORTUNITY TO BUY YETT !!!!
After wave (4) ends (should be near 0.382 level ~4500),
look for price to fall a bit further for wave (5) near the 3100 level.
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Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Thanks !
Questions? Chat or Comment on Ideas
Thanks !
Related publications
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.