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Wave-5

immediate short term for BTCfollowing my current count( i am still learning EW) we should see wave 3 touch the top of the ascending channel or perhaps crest just above it before retracing for a wave 4, wave 5 should see us rise above the channel and then begin our new 3 wave move down to retest the top of the channel. i am still cautious as many belive we may see 57-58k as major resistance zone and can retrace for a primary wave 2 down to 47-50k before our primary wave 3 up above the previous ATH.
INDEX:BTCUSDLong
by JimHalpert
1
$SPY - Filling the gaps - Elliot Wave analysis With the unsettling issue of the approaching debt ceiling deadline on Oct. 18th, 2021 , the timing of this potential drop in price is quite coincidental. Applied my Fib extension starting at the top of corrective Wave (B) and lined up Fib 0.618 on Wave (A). The depth of Wave (C) is still in progress. This scenario brings Fib level 1.618 indicator to approx. 404.07 , which coincidentally is approx. where the previous gap to be filled on Apr. 5th, 2021. Coincidence? This is my TA opinion only.
AMEX:SPYShort
by CoatiGenr8
Elliot wave with Diagonal Ending Elliott Wave Count in Bitcoin Daily Chart In most cases, if wave 5 is formed as a diagonal triangle, it will cause severe falls after the end of the process. So after recognizing these diagonal triangles in wave 5 - you can close your long trades at the right point and make good profits from short trading in corrections waves. Please like our tutorial and follow us ------------------------------------------------------------------------------------------------------------------------------------------ You can see our analysis and signals in the following links :
Education
by HamidMojarrad
10