I'm unsure about the Elliot Wave count on this WXY correction, but it looks plausible at the moment. The J Powell speech created quite a strong reaction, but I think it's unlikely that it's the start of a large impulsive move up. Instead, it looks like the B wave in a zig zag... I think.
Stressful trading this atm, because a larger wave 5 on BTC and ETH do not look complete, but I'm short for now.
Stressful trading this atm, because a larger wave 5 on BTC and ETH do not look complete, but I'm short for now.
Note
This wave 2 move might be the Wyckoff "test" after the "spring" that I discuss in my previous post on link:
Note
Revising my count... and considering that perhaps this impulse up is a wave A of a large ABC.
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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.