I see a 4th wave correction that has been complete, I believe we are at the start of wave 5. Also a inverted cup and handle was formed. I use the the box method, the overall impulse is transferred to the handle resistance. Also fib is used in the inside of the cup, it matches up with the box method. Good luck everyone
so I do Fibonacci on the inside of the cup and I also do the box method, the overall height of the last impulse I transfer to the handle, it corresponds with the fib level
looks like a regular flat is complete and a inverted cup has completed, look for the handle resistance to break
hi all, I see a 3 wave down at the start which can only be a zig zag, I also see a 3 wave down which has just been completed. This could be the end of the correction and the start of a new 5 wave up.
So this is an update on price prediction. If the correction is complete, the first 12345 wave impulse swing is measured in a box and then transferred to the end of the zig zag correction. I place the box on the start of the new upswing. This happens to correspond with the fib mark. There is a cup and handle that a formed and I always place the next increase on...
Would love some feed back. I see a 5 way pattern down that can only be a zig zag pattern. Its retraced back to almost 50% fib mark and then back down the same original zig zag length. Not sure what corrective pattern joins the two zig zags
Hi guys, I am seeing a lot of inverted cup patterns across the board. I took the internal cup measurement and placed the same price guide on the handle where it broke the handle resistance. This seems to correspond to the fib levels. This could still drop a bit a this virus is just starting to take off. DYOR
An invertered cup has been completed on the 4hr chart. The way the market is heading, this could drop to around $1.45. Lets hope I am wrong. DYOR guys
I see a flag and pole pattern and a cup and handle pattern on the day chart. There is also a rsi divergence.