Elliottwavesanalysis
Elliott Wave - Short opportunity - Zigzag correction in effectFollowing the conclusion of the impulsive 1-2-3-4-5 on this and the degree above, a, A-B-C correction down to the start of wave 4 on the previous impulse should follow. The form has already taken the first two stages of a zigzag (5-3-5) correction which presents us with a short opportunity with another 1-2-3-4-5 impulse wave down to around that shown on the image.
Entry may be on the first sign of bearish action. TP somewhere in the region of 14150, SL above the reactionary B leg of the correction around 14480.
I am already in a longer term trade idea back down to 13500.
BTCUSDT | TF1H Wave Projection | Bullish Flag Uptrend 4-Wave Price action and chart pattern trading
> Impulse uptrend with bullish flag corrective pattern - possible uptrend completing major 4-wave
> Target @SMA50 zone +10-12% upside
> Stoploss @ bullish flag low support - 4-5% downside
> RRR: 1.5-2:1
Always trade with affordable risk and respect your stoploss
WAVES/USD Elliott Wave countPrepeare for some buys!
After ending an expeding flat correction Waves made an impulse out of the channel with an expending leading diagonal. Now we are into the corection that I think is an expended flat and than will go for a 3rd wave up.
I will update the count, so like and subscribe!