After every long term up trend there is a correction wave with abc structure. After last up trend wave we saw a down trend only for 3-4 months that seems it is turning into up trend, buy seeing in past correction it is to complete wave -b- for abc correction and after it we expect a wave -c- that will touch at least 22000$.
It is just an analysis. Do your trade with your plan. For next 24 hours the Kijun-sen will be at equilibrium and so Tenken-sen. Price is under Tenkensen and KijunSen and all of them are under Kumo cloud so there is a strong resistance. Future komu cloud is descending and Chiku-Span is in a open area, so all of them tell us: most probably there is a down trend...
Ichimuko in trading view : Tenkan sen = Conversion line Kijun sen = Base line Chikou span = lagging span The price chart is below the komu cloud and both Tenkan sen and Kijun sen lines are superimposed and have a downtrend with steep slope so I expect that in some future days the kijun sen go to equilibrium and tenkensen go lower and turn...
This is my first wave counting in Harmonic Elliott wave by Ian Copsy. I hope every one that see this analysis tell me the mistakes
I did this wave analysis at 05-12-2021 and now I think it is almost true. This is HER method, a new method in Elliott wave analysis developed by Mrs Nersesian.
In HER method every impulsive wave contain 3 wave a,b,c and every a,c has 5 impulsive waves. Example: wave 1 made by an ABC, wave 3 made by an ABC wave A,C made by an impulsive 5 wave (1,2,3,4,5) wave B is a correction I think with this wave analysis, we are in Wave (C), and now to complete wave (C) we need to complete wave (v)...