What if we apply Elliott Wave Theory on RSI
While everyone is trying to guess the final price of 5th wave ! We can use this theory on RSI to give us an indication of how long it will last !!
So now, we can guess that everything comes to an end !! It may rise more but it will not last more than 3 days.
Be Ready for an (ABC) correction.
Waiting your opinions
Thank You
While everyone is trying to guess the final price of 5th wave ! We can use this theory on RSI to give us an indication of how long it will last !!
So now, we can guess that everything comes to an end !! It may rise more but it will not last more than 3 days.
Be Ready for an (ABC) correction.
Waiting your opinions
Thank You
Note
CHECK THIS OUT it seems we entered 1st correction wave
Note
Previous chart used heikin ashi,This one using regular candles
Note
Check RSI, 1st correction wave, it may stop here at 6600 or continue down to 6300-6200, Here You can start buying again for B waveNote
Wave A is DONE Be Ready For Wave B >> Up to 7500$
Note
If Resistance line is brokenwe are going to (4200-4400)$
Note
End of wave Bwatch the black line closely (end of wave C) - END of correction
Start Buying again in 2 weeks at (4300-4500)$
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.
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.