Ethereum 4H Elliott Wave Study Alternative Scenario
Updated
I have made an Elliott wave analysis to learn and combine with Gann , so this is not a financial advise. Trade at your own risk.
Lets see if my crystal ball works or not.
I also placed a Gann fan to the top before hard dump.
Lets see if my crystal ball works or not.
I also placed a Gann fan to the top before hard dump.
- Wave 1 Fibonacci => Yellow
- Wave 3 Fibonacci => Orange
- Wave 4 Fibonacci => Blue
- Wave 5 Fibonacci => Magenta
- Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1
- Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2
- Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%
- There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% of wave 1-3
Trade active
Wave 4 was 14.6%Note
Wave 5's target ~230Trade closed: target reached
SHORT IT LOL
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