HOMZTRADES

HOMZTRADES Updated 

I believe we may be setting up for a potential short opportunity between the 138 and 150 levels. This appears to be an expanded flat, which is one of the most common corrective patterns seen in wave 4. Wave B has already successfully bounced off the 1.38 Fibonacci level, which adds further confidence to this structure. Currently, it looks like we're in the...

HOMZTRADES

We're approaching the end of the ending diagonal in wave C. One more leg up could complete the structure, potentially setting up a great opportunity to catch the big wave 5 move

HOMZTRADES

My previous count was invalidated since what I thought was a wave 4 overlapped with wave 1.New count I believe we're in an expanding flat (the most common correction).Currently we're in a wave 4 of a wave C.Would love to short at the .382 / .5 fib level

HOMZTRADES

So I posted the overall short Idea yesterday and it's playing out perfectly so far.Right now it seems like we're done with this wave B and price might possibly go up to form that wave C.This would put an end to our wave 4 and proceed to play wave 5.Wave 5 would possibly end around that bottom trendline or on the two marked areas of these fib levels.

HOMZTRADES

At this point I think we're pretty much done with wave 5 on ETH,we can even see a bearish divergence which could be considered as a confirmation of the end of a cycle and the start of the correction wave.