People are focused on the 4H charts and forget to see the whole picture of this correction.
Potential set up but YOU HAVE TO WAIT FOR THE MARKET TO DEVELOP!! (put a position at the end of this set up - no short positions right now!)
A Running Flat Elliot Wave correction is when the wave B will travel past the beginning of wave A.
Then, wave C will retrace more than 100% of wave A.
See chart for price targets.
Follow for more updates.
Potential set up but YOU HAVE TO WAIT FOR THE MARKET TO DEVELOP!! (put a position at the end of this set up - no short positions right now!)
A Running Flat Elliot Wave correction is when the wave B will travel past the beginning of wave A.
Then, wave C will retrace more than 100% of wave A.
See chart for price targets.
Follow for more updates.
Note
Price moving down as predicted.. too early to say that we will continue lower but for now we are on track.Note
First target price : 40k usdTrade active
Everything is going according to plan.Trade active
target of around 40k was reached a few weeks back(42k).. Time for a small bounce before heading lowerTrade closed: target reached
Target reached! Closing this trade.
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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.
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.