Long
Matic might just be executing an Eliott Triangle upwards!
Well
I had my own perfect set up for Matic: It was bound to execute the C leg of an ABC within a corrective Wave 4 before hitting 0,95´s in a final Wave 5.
However...
I saw that the price retracted too much reaching 0.940 which was my Wave B´s peak...
So I sat down to take a new look and.... voila!
Look what I (think) I found!
A classic Eliott Wave Triangle.
If it plays out as expected, we are moving non stop towards Wave 5´s target somewhere around $.9638
A bit confusing to have such a strong move when the rest of the pack and - specially- the Lion (Bitcoin) is not that bullish...
Does MATIC know something we don´t???
:)
I had my own perfect set up for Matic: It was bound to execute the C leg of an ABC within a corrective Wave 4 before hitting 0,95´s in a final Wave 5.
However...
I saw that the price retracted too much reaching 0.940 which was my Wave B´s peak...
So I sat down to take a new look and.... voila!
Look what I (think) I found!
A classic Eliott Wave Triangle.
If it plays out as expected, we are moving non stop towards Wave 5´s target somewhere around $.9638
A bit confusing to have such a strong move when the rest of the pack and - specially- the Lion (Bitcoin) is not that bullish...
Does MATIC know something we don´t???
:)
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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.