Rio in 4H chart
Updated
Hello
It has been a while that we are waiting for it rally and I expect it happens this week. I think, if BTC starts rising tomorrow in NY session then it might start too. This consolidation area seems to be an ABC patterns that was trying to finish last wave 5 of (C) and if my forecast came true, it would be open with a Gap or make a shadow to hunt that stops and then rise.
All of these are idea and wait to get confirmations.
Thanks
It has been a while that we are waiting for it rally and I expect it happens this week. I think, if BTC starts rising tomorrow in NY session then it might start too. This consolidation area seems to be an ABC patterns that was trying to finish last wave 5 of (C) and if my forecast came true, it would be open with a Gap or make a shadow to hunt that stops and then rise.
All of these are idea and wait to get confirmations.
Thanks
Note
This is how Elliott works.
AMA
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.