for those hodling there is an abc on the 5 min which is setting up right now.
target is around the 20 cent mark.
i tested the wave three (marked blue) and it hits a wave three target on 5 min nicely, which means we could be about to run a 5th wave.
this doesn't mean that this correction is over.
if you check daily, or even look at log charts quite a few of these...
Cant post 5 min chart, but some triangles and flags forming. For this i like to use trend lines to manage the trade.
if was concervative i would sell all holdings now and hope i dont miss the next move.
otherwise i would hodl on and see whether this is the ending of an impulsive wave correction, meaning we have a new bullish move ahead to at least new highs (and...
50% CORRECTION holding at this stage, would like to see it crack the downwards trend line (around .225 or so) forming the top of the flag.
after that there is a little possible resistance at .235 (fib level) but seeing as it has broken the flag it should be an indication that this is going to move to new highs.
the move should at the least mimic the recent one...
hit the target 0.024 would have like to see it do it a little less aggressively, but it is what it is.
if we see it continue to track above the typical wave 3 target zone then we can assume that it will continue moving until the next resistance level..hopefully then make some nice corrections providing with some good entry opportunities.
the 0.024 is also the...
current movements still look corrective, doesn't look like it has entered a bearish move.
correction has tested 32.8, would like to see it come down to the trend line at the 50% re tracement zone at around 18c.
if it drops past the 50% fib retracement, it may head down and test the 61.8.
either way, as it stands we are seeing a correction and not a change in...
larger correction forming, indicating a larger potential wave 3, which puts it close to .52
assuming we dont fall into a larger degree bearish pattern before running bullish
SECOND wave seems to have completed in the final 5th wave of the move
fork holding for time being, macd ticking up and averages crossed
- looking for target around .33, potentially .38-.40
loving the fork - because of such a strong impulsive move, would err on the side of fork strength and continuation.
potential either : sticks to the forkline and follows up to the target or come down to the trigger. if trigger line is crossed, indicates change in wave and will re asses
off ABC on 30min at low of .066, seen a strong move to the .23 target for typical wave three
the move went beyond the typical towards the max wave three which is sitting around .35
current wave count looks like it just completed a wave 4, abc, - target at around .32 - .35 (across 15 and 30min)
from there looking to have a intermediate correction before we see a...
