Over zealous bears and untimely wave counters will get chopped up here.
Look for the real wild bears between
54K-$56K. Sell beforehand and get chopped up.
Look for the real wild bears between
54K-$56K. Sell beforehand and get chopped up.Note
B Wave of B Wave now enters the scene. Down to $47.2-3 we go.
Wave B total still looking for $56K.
Trade active
Drop still in play so long as a new high does not come in on the daily chart.Trade closed: stop reached
Breakout above new high means A wave down was 3 corrective and NOT impulsive. Also means price must now test the 1.23 and/or 1.38 fib levels before more downside.Still a wave 4 pattern in play. Expect an extended or running flat. Markup to come.
Decode the wave, anticipate the move. elliottwavescience.com
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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.
Decode the wave, anticipate the move. elliottwavescience.com
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.