Anticipated move realised. But unfortunately, another bull gap to close. So what is next? I would prefer to see $4.50 closed first, as it could lead to a more sustained rally. But given volatility of this asset, maybe continuation first? Blue or red, we'll see...
Lost the channel, confirming that a 5 wave move of higher degree was completed. Short tech.
Doesn't look like it'll break much higher for now... Alternative to the other idea I just posted. Really? I think the impulse wave down is just part of a 5 wave move, down to the $3.50 range.
Counting micro chop. Correction potentially compete here. Looking for a bull break to confirm. Invalidated below $4.17. Breaking higher would lead us into minor wave 3 of intermediate wave 3. Don't miss this move!
Got the news just now. Wait for the sell off?
Volatile as ever, still a really good asset with a lot of potential. My bullish count is still valid. If we lose the .618 here ($17), a test of $16.37 is next. If that goes, I will consider this alternative. I would assume that we would be in a bear market if this scenario plays out, which, since yesterday, seems likely.
Doesn't look very bullish to me. Three possible alternatives.
Correction complete. Breaking higher would be bullish Look for a bull break above trend line.
Count confirmed by $22.88 resistance. Targets $25 and $32 before a more significant correction.
Bullish close, yesterday. At the top of a trend line. Breaking higher would likely lead to a new ATH.
Is this intermediate wave 3 or are we still in wave 2? Sharp correction complete (possible) vs more complex WXY (also possible but less in line with industry sentiments?) Looking for a gap close in either scenario?
Sharp correction here? More complexity coming? Lots of selling presure yesterday.