ETH long - EW pattern
based on Elliot Wave there are two deferent scenarios,
first: if we are in motive wave then we are at the third wave and that means we will reach to 2300 zone before we bounce back to start the fourth wave overall my target for wave 5 is 2500 zone.
second: if we are in corrective wave we still going to reach the 2300 price zone before bounce back, in this case the first shape will a zigzag.
just to mentioned that we are now in FIB cluster zone, and the next cluster zone is between 2400 - 2600
this is just a theory, do your won calculation, trade safe
regards
first: if we are in motive wave then we are at the third wave and that means we will reach to 2300 zone before we bounce back to start the fourth wave overall my target for wave 5 is 2500 zone.
second: if we are in corrective wave we still going to reach the 2300 price zone before bounce back, in this case the first shape will a zigzag.
just to mentioned that we are now in FIB cluster zone, and the next cluster zone is between 2400 - 2600
this is just a theory, do your won calculation, trade safe
regards
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.