NCASH Possibility
So we have a clunky meandering wave 1 that occurs during an uncertain bearish market. Wave 2 has a strong impulsive A, a short B, and a slow moving impulsive C. (This is where we start coming up with possibilities). Time to speculate, looking at previous price levels, fibonacci retracement, and Elliot Waves. Since the larger wave's wave 2 is long and drawn out we can guess that the wave 4 will be more dramatic. A guideline not a rule.
This is all obviously just black magic.
This is all obviously just black magic.
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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.