I'm looking for a clear bounce on the 50% retracement (C) of the last wave, if price bounce an AB=CD pattern is confirmed
if price go to (A) pattern is invalidated and long trend may stop (until A holds I'll be bullish)
if price go to (A) pattern is invalidated and long trend may stop (until A holds I'll be bullish)
Note
(C) bounce confirmedwatchout for these resistances:
(B) 5998
(123.6%) 6149
(D) 6313
(161.8%) 6392
Trade closed: target reached
BTC is testing the 123,6% extension, AB=CD is almost completed
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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.