Sellers are drying up
According to my understanding, wave 5 terminates well beyond the beginning of wave 4 (wave 5 is still not complete)
Technical Section:
In this chart above, wave 3 is less than 161.8% of wave 1, as a result, the 5th wave overextends itself.
How often does this happen? Our "experience" tells us that it happens (very often).
Target : $ 42000 - $ 45000
Stop loss: $ 34000
Technical Section:
In this chart above, wave 3 is less than 161.8% of wave 1, as a result, the 5th wave overextends itself.
How often does this happen? Our "experience" tells us that it happens (very often).
Target : $ 42000 - $ 45000
Stop loss: $ 34000
Note
Four against oneWhat to expect next?
Note
Trade closed: target reached
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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.