Potential set up for ETH based on Elliott Waves, Fib retracements, Fib extensions, and Fib time zones. Wave 5 of the primary Elliott Wave is a extended wave 5 extension. Once Impulse Phase is complete the correct ABC phase will begin.
Primary Impulse Wave - White projection line with white circles
Extension Waves - Yellow projection line with yellow circles
Extended Wave 5 - Wave 4 retracements:
.5 - $3,537 (30% chance)
.618 - 3,425 (40% chance)
Extended Wave 5 - Wave 5 extension:
Normal - 1.618 (Equal to Wave 1)
Bullish - 2.618 of the Wave 4's retracement
Primary Impulse Wave - White projection line with white circles
Extension Waves - Yellow projection line with yellow circles
Extended Wave 5 - Wave 4 retracements:
.5 - $3,537 (30% chance)
.618 - 3,425 (40% chance)
Extended Wave 5 - Wave 5 extension:
Normal - 1.618 (Equal to Wave 1)
Bullish - 2.618 of the Wave 4's retracement
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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.
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.