This is idea of possible 3th wave top, where we can maybe see B for running flat before drop to C target. Drop to C of possible extended flat will invalidated this 12345 move if enter in zone of second wave. Also break above target for B wave will consider for new alternate count. Here couple extra screenshots what support this idea.
On monthly chart like you see that B target is between two wicks (possible resistance).https://www.tradingview.com/x/IOAnPaa4/
On weekly chart you can see clear where is all that zone.
https://www.tradingview.com/x/wxfoYZCJ/
Also on daily chart we can see that B target can be PRZ for Type II harmonics.
https://ibb.co/KmccSKT
ibb.co/VNbnxHr
On monthly chart like you see that B target is between two wicks (possible resistance).https://www.tradingview.com/x/IOAnPaa4/
On weekly chart you can see clear where is all that zone.
https://www.tradingview.com/x/wxfoYZCJ/
Also on daily chart we can see that B target can be PRZ for Type II harmonics.
https://ibb.co/KmccSKT
ibb.co/VNbnxHr
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Running flatNote
Quick update on ETHBTCStill going down but didn't yet tested green TL. That trend line can be strong support and my eyes is there to see reaction (if get there).
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Also here preview on some possible projection PRZ (potential reversal zone) for some #harmonic patterns (indicator what will be publish very soon).Note
Again quick update for ETHBTCYesterday I said ETH didn't yet tested broken green/lime trend line. Here we go, we testing now. Let's see will find support here and bounce or we going lower to possible targets.
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ETHBTC updateTesting lime trend line.
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Can #ETHBTC reclaim this broken TL or will continue moves down to possible one of flat targets?Note
Update#ETHBTC tap zone for possible running flat. Can go lower? Of course can. Remember there is also target for expanded flat.
Because this TA prediction I make before reaching full top drawing for running & expanded flat I made from middle of possible zone for B, in this update I just correct that fib retracement and zone.
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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.