Bull flag only half complete? Moving towards point 3 of giant Wolfe wave?
Also we have not retraced back yet to 50-62% for a corrective wave.
I suspect a short lived bull run back towards the historic resitance trend line
then back down to $8000-9000
I traded the corrective wave to have a (5-3-5) ABC (5-3-5) pattern
and we seem to be in the ABC pattern now of the corrective wave / bull flag
Estimates
Target entry $8000-$8800 beginning of March
Target profit $14500 March mid to late March
First image shows in violet what i hope will be the path of a Wolfe wave
leading us to a reversal into wave 2 of a larget Elliot wave

Lets add a little head and shoulders maybe?


Also we have not retraced back yet to 50-62% for a corrective wave.
I suspect a short lived bull run back towards the historic resitance trend line
then back down to $8000-9000
I traded the corrective wave to have a (5-3-5) ABC (5-3-5) pattern
and we seem to be in the ABC pattern now of the corrective wave / bull flag
Estimates
Target entry $8000-$8800 beginning of March
Target profit $14500 March mid to late March
First image shows in violet what i hope will be the path of a Wolfe wave
leading us to a reversal into wave 2 of a larget Elliot wave
Lets add a little head and shoulders maybe?
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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.