What if the last top was not a Wave 5, but a Wave 3?
I think this is very likely. Why?
If the last top was a 5, we would have had to correct deeper.
Normally the correction should have went down to 0.382 (~7200).
Then 12345abc would be completed.
In our case, however, the correction did not even end at 0.5.
She stopped at $9,000.
What's the meaning of this? It could be a Wave 4.
That means we're just in wave 3 of 5 up to the final 5.
Let's see what happens. Happy trading. :-)
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I think this is very likely. Why?
If the last top was a 5, we would have had to correct deeper.
Normally the correction should have went down to 0.382 (~7200).
Then 12345abc would be completed.
In our case, however, the correction did not even end at 0.5.
She stopped at $9,000.
What's the meaning of this? It could be a Wave 4.
That means we're just in wave 3 of 5 up to the final 5.
Let's see what happens. Happy trading. :-)
[url=
Note
idea still valid.Note
as expectedNote
first a bit down, then up. move like this... chart update
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BTCINVESTING 😃
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Entrepreneur · Trader · Investor · Crypto since 2014
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BTCINVESTING 😃
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Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
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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.
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
---
BTCINVESTING 😃
---
Free Telegram Channels coming soon!
Twitter: twitter.com/BTCINVESTINGcom
Entrepreneur · Trader · Investor · Crypto since 2014
Trading experience for over 30 years
-
Related publications
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.