MATIC 4hr EW Theory?
Not an Advisor.
Hey everyone wanted to do a quick update. I'm newer to this theory, but I feel like its fitting here nicely. We want to see a little cool down between run ups. In Eliot wave theory the (3) is the largest area for gains, now it looks like we will have a brief correction before we reach my previous target of $1.30... I still see that coming, just need more time. We have been on a massive run so far. So i suspect a quick little correction before a run up to the wave 5 in which I believe we see past my $1.30 price target. After wave 5 tho, expect to see sell off and trying to bounce back to certain levels. Watch for the support and resistance on the way up, those will become important. But it may be a good time to get a game plan in store. I still think we run long term. Just expecting some sell off after we potentially hit wave 5. Maybe retrace back to the .90s -.80s establish a strong support there, then we run up past $2 after the cool down. This is my thought, not advice.
Hey everyone wanted to do a quick update. I'm newer to this theory, but I feel like its fitting here nicely. We want to see a little cool down between run ups. In Eliot wave theory the (3) is the largest area for gains, now it looks like we will have a brief correction before we reach my previous target of $1.30... I still see that coming, just need more time. We have been on a massive run so far. So i suspect a quick little correction before a run up to the wave 5 in which I believe we see past my $1.30 price target. After wave 5 tho, expect to see sell off and trying to bounce back to certain levels. Watch for the support and resistance on the way up, those will become important. But it may be a good time to get a game plan in store. I still think we run long term. Just expecting some sell off after we potentially hit wave 5. Maybe retrace back to the .90s -.80s establish a strong support there, then we run up past $2 after the cool down. This is my thought, not advice.
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