Kadena 2nd Wave Play

Updated

1st wave cycle completed. Looks like for 2nd wave, we have A in a smaller degree in, now we need to see a rise in B (looks like a FLAT) and then we will find a lower low for C.

Thereafter, we take off for an epic Wave 3 run.

Blue carrot icons mark fib levels for a Wave 2.

Note

Zooming in on 8HR, things going as expected so far.

Note

Anything beyond current move are not prediction levels just general area. Only thing I am watching at the moment is the red carrot icons to form a bounce of B finishing. We then rise, but until the bottom is found here, we can't put fib levels for smaller C (red) and B (green) yet, nor can we do the lower C (green).

Blue Wave 2 can because Wave 1 is completed. Therefore, I try to matchup multiple degrees of Elliot Wave as the market plays-out. Doing this lets me find out sooner if I am off then just waiting on a higher time frame like 1 Day or 3 Day.

Therefore, we are currently at a fib level that could hold if idea of mine holds. But, there are two lower as well. If I breakdown a degree smaller on red B down, the lower levels are possible too.

Note

Great buying opportunities are presented. I have added to my position at 9.40s. I am anticipating 1 more sweep down to this marked green area before we find movement back upward. Then, the marked red range will become important. It can either reject and put us into a Triple Zig Zag - or - we continue upward in Wave 3.

Note

Adjusted Count - Triple Zig Zag - Same Target

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$14.25 hit as anticipated. NOW is the moment of truth... Here I feel we sell back off to get a new low BEFORE we bounce. This idea invalidates if we get a higher low and continue upward.

Took profits on my swing position portion. Have my long-term holdings. But, I do take swing positions to accumulate more without further funding.

UnknownUnicorn31759168

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