Topic: Hit end of Wave 3 into 4
Left chart Macro Elliot Wave:
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Pepe Elliott Wave 0-1-2-3-4-5 showing that (i believe) we've ended Wave 3 and probably in Wave 4. The 1.27 is an extension of 1 to 2 (debatable if that's correct).
End here is 3 to 4. 3 We've hit (I believe) 4 needs to be fulfilled.
To gauge 4 ending we pull Fib from the Top of Wave 2 down to the lowest low (end of wave 3 - our assumption).
This leaves fibs 0.236, 0.382, 0.5, and 0,618 as target highs to end Wave 4.
It's said that Wave 4 has equality of Wave 0 to 1. Which makes me believe that 0.5 or 0.618 are the target highs.
NOTE: Middle and Right chart coexist -> As in, the Gartley might not come down and therefore the CRAB Harmonic will kick in (what I'm saying is, don't wait for the price to come down to fulfill the gartley BUT also dont expect the price not to come down to fulfill the gartley, AND DONT EXPECT EITHER TO HAPPEN. Risk management -> nothing certain, only probabilities).
Middle chart (Possible CRAB Harmonic):
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Showing a demonstration (lets call it A) of the inner workings of Wave 4 playing out.
X to A resistance at 0.618 to form B.
Retrace to and between 0.382 to 0.888 to form C
C to D 1.618 which leads to a possible (probable) end of Wave 4 at 0.5.
Right chart (Possible Gartley Harmonic):
----------------------------------------
X to A = B 0.618
B to C 0.618 to 0.888
POSSIBLY to D as noted in NOTE above.
OR continuation of CRAB harmonic.
I've put probable buys and sell areas as guidance to my thoughts. Trade safe and if I've forgotten anything I wanted to articulate I'll update.
For me a learning exercise. Things only make sense the more data you have.
Knowledge base:
ChartChampions - None other than Daniel and his Team to learn from!
Book wise atm: JARROD SANDERS - Elliott Wave FIBONACCI HIGH PROBABILITY TRADING
Oh and definitely think that this was an extended Wave 3! I got suckered thinking I knew the levels without waiting and being patient before taking a trade! Patience and risk management for me is half the story! I know my levels but I'm a losing trader because I don't have patience. <3
Left chart Macro Elliot Wave:
--------------------------------------
Pepe Elliott Wave 0-1-2-3-4-5 showing that (i believe) we've ended Wave 3 and probably in Wave 4. The 1.27 is an extension of 1 to 2 (debatable if that's correct).
End here is 3 to 4. 3 We've hit (I believe) 4 needs to be fulfilled.
To gauge 4 ending we pull Fib from the Top of Wave 2 down to the lowest low (end of wave 3 - our assumption).
This leaves fibs 0.236, 0.382, 0.5, and 0,618 as target highs to end Wave 4.
It's said that Wave 4 has equality of Wave 0 to 1. Which makes me believe that 0.5 or 0.618 are the target highs.
NOTE: Middle and Right chart coexist -> As in, the Gartley might not come down and therefore the CRAB Harmonic will kick in (what I'm saying is, don't wait for the price to come down to fulfill the gartley BUT also dont expect the price not to come down to fulfill the gartley, AND DONT EXPECT EITHER TO HAPPEN. Risk management -> nothing certain, only probabilities).
Middle chart (Possible CRAB Harmonic):
--------------------------------------
Showing a demonstration (lets call it A) of the inner workings of Wave 4 playing out.
X to A resistance at 0.618 to form B.
Retrace to and between 0.382 to 0.888 to form C
C to D 1.618 which leads to a possible (probable) end of Wave 4 at 0.5.
Right chart (Possible Gartley Harmonic):
----------------------------------------
X to A = B 0.618
B to C 0.618 to 0.888
POSSIBLY to D as noted in NOTE above.
OR continuation of CRAB harmonic.
I've put probable buys and sell areas as guidance to my thoughts. Trade safe and if I've forgotten anything I wanted to articulate I'll update.
For me a learning exercise. Things only make sense the more data you have.
Knowledge base:
ChartChampions - None other than Daniel and his Team to learn from!
Book wise atm: JARROD SANDERS - Elliott Wave FIBONACCI HIGH PROBABILITY TRADING
Oh and definitely think that this was an extended Wave 3! I got suckered thinking I knew the levels without waiting and being patient before taking a trade! Patience and risk management for me is half the story! I know my levels but I'm a losing trader because I don't have patience. <3
Trade active
T&C Technicals and Care on BTC -> Lets go ... Kiss 0.00000900 godbye <wave>Trade closed: target reached
Lets go -> :PNote
:) Note
NOW BUY LEVEL - HIT - PHEW - ONE MILESTONE! Not out of the woods!Note
THEY DONT MAKE IT EASY WHEN IT COMES TO MONEY!! Price Tag - Jessie Jay - ;) <3 Note
Right chart invalidated -- Gartley Harmonic because of the low put in on Sunday 09 Feb. Updating idea see latest update on idea.Note
Central chart more probable based on this analysis, Ascending Triangle. 
Note
Guys an updated on a different thought pattern: 
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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.