Midterm Trend: Correction not finished

Updated

Price is fluctuating but this is not the end of the correction.
Price will go up and down.

20 MA and 120 MA will act as Support and Resistance

Then we can go long for the long term bull run.
Be patient.

Note

Note

I'm updating my scenario 1 of Mid-term trend analysis.
Price at point B hit the resistance level exactly and started falling.
It is currently $8200 which is the support line I drew initially.
However, my wave analysis shows that correction is not over.
Correction will end near 7k in my updated scenario.
This will complete the AB=CD pattern.
Wave A and Wave C will have equal height.

Note

Trade closed: target reached

We've reached Support 2 and we're seeing an upward bounce.
Let's see how the price moves.

skyunlimited

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