WE are forming a descending wedge that should push us up from Zone A completing an inverse head and shoulders. Descending wedge are often bullish and have about a 60% rate. Zone B will be a progression of the elliot wave This should push us to test 4k Zone C should be after that with any luck. The 1d, 8hr , 4hr, 2 hr are on teh downside to go up
We are finishing the 4hr trend and this is a repeat of the fractal pattern seen July 21st 2021. To see what comes next look at the beginning of August and follow a 1 day Elliot way Impulse up to September7th. The correction wave is now in as of this morning. We start a new cycle and we shoudl have a typical October pump
It looks like we have one more leg down on the Elliot impulse wave. This would complete the 1 day cycle, and also finishes the Wykoff distribution model. I think we we should hit around 2875ush this weekend and enter an accumulation phase for a few days as we blast off for October. If you look at the one day, 12 hr and 4hr chars we completed a Wykoff model in...
I think we are about to bounce down to 2850 ish and that is the end of our elliot wave cycle and should push the 1d RSI our of consolidations. We go be bullz now :)
On the 2 hr it looks like we have a 2hr head and should inverse pattern forming. All the big rsi clocks are consolidating on the bottom to go up.
Ok gang, We finished an elliot wave on the 1day RSI and it looks as though the bottom is in. I think we should be long from here and make $ Be careful as the USA Infrastructure plan can be a black swan in the next 3 weeks. Congress reconvenes tomorrow
We are currently repeating the elliott wave pulse from February 2021. If I am right we should push now to an ATH of 12k -16 by years end. The current correction wave has a bottom in or it goes to 2800 then up The Bears are about to not have a good time Love to know your thoughts.
CRosses fingers, we should go up at 3250 as qa bounce target provided there are no more black swans. TO break this trendlink and have several candle closes would be bearish and send us down to 2800's These events this week are straight-up market manipulation. Big Banks and investment funds are scared. These manipulations are staying in channel Thoughts?
Golden cross forming at 4h on ETH. Bull Run volume 2 commencing
Things are looking up. Straight up