Hello, I've charted what I think will happen within the next few hours.
I chose these price points as a result of their fib relationship with a larger structure that I've seen similarities with. If you wish to know which one exactly, I can post the larger wave and how similar it looks to this one I've drawn out.
The downward 5 impulse wave is one within a 1 wave of a larger 5 impulse wave. Elliot wave , fractals, and pattern recognition were used to try and call these next small waves.
Within this 5 impulse wave is even more waves, but I will wait for confirmation of the sub-wave (iii) before charting (iv) and (v).
I've also been noticing a nice pattern in the 4th waves of these downward impulses. They appear to be getting smaller, which in my opinion signals the bulls falling back in the short term.
So this is charted to a very minute level, so times are more than likely going to be off but PRICE target bouncing is charted as how I predict.
Sorry about the messy chart, I don't want to erase anything quite yet!
I chose these price points as a result of their fib relationship with a larger structure that I've seen similarities with. If you wish to know which one exactly, I can post the larger wave and how similar it looks to this one I've drawn out.
The downward 5 impulse wave is one within a 1 wave of a larger 5 impulse wave. Elliot wave , fractals, and pattern recognition were used to try and call these next small waves.
Within this 5 impulse wave is even more waves, but I will wait for confirmation of the sub-wave (iii) before charting (iv) and (v).
I've also been noticing a nice pattern in the 4th waves of these downward impulses. They appear to be getting smaller, which in my opinion signals the bulls falling back in the short term.
So this is charted to a very minute level, so times are more than likely going to be off but PRICE target bouncing is charted as how I predict.
Sorry about the messy chart, I don't want to erase anything quite yet!
Note
Returning to channel above... volume looks to be supporting as well. Scratch everything the bulls are back for now
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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.