Updated bullish plan after retracement
Updated
Hi there,
Here's my updated plan after the big red candle. Seems like I slightly messed up in the smaller cycles in my previous analysis but the general bullish plan is still going strong. Light green wave 4 probably found its end at 50% of wave 3 (itself around 200% extension), which RSI 4h closing just validated as it stayed just a bit above wave 2's crease. Bought the 4 bottom and I'm now waiting for wave 5 to be done.
Would be pleased to hear your thoughts and reacts. Cheers.
Here's my updated plan after the big red candle. Seems like I slightly messed up in the smaller cycles in my previous analysis but the general bullish plan is still going strong. Light green wave 4 probably found its end at 50% of wave 3 (itself around 200% extension), which RSI 4h closing just validated as it stayed just a bit above wave 2's crease. Bought the 4 bottom and I'm now waiting for wave 5 to be done.
Would be pleased to hear your thoughts and reacts. Cheers.
Note
Everything good so far, we must be doing light green 5's internal 3. Let's watch out anyway, I may have placed wave 4 a bit early and am still expecting it might turn to a running flat since we reached 113% retracement of the corrective wave, we might go have a look around 31,6k or 29k before wave 5.
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