Looks like a head and shoulders pattern for LBRY. As you can see there was a strong 600% impulsive wave up. W2 corrective may drop to about 1780 satoshi's. OR maybe the strong impulsive wave up will counteract the effects of a decline from the Head and Shoulders . But if affects of H&S kicks in, we could see a significant drop in value. **** This is not...
Practicing projections based on symmetry, and 1:1 measured moves (although wave 5 is less than a 1:1 measured move because I am not sure that volume will support a full 1:1 move in w5)
Please note that I am a NEW Elliot waver. This chart is not meant to be financial advice. I am not making a play on this chart. This is for practice for me. For the start of this explanation, please ignore the thick blue lines that the number 1 circled, and 2 circled next to them (the circles are white with blue outlines). Why? Because I first analyzed the major...
This is an example of what not to do. Now understand I am a newbie. But my counts were wrong. I stayed in the trade way to long, and continue to be in it because of that mindset of: Well maybe it will come back up soon! But the fact of the matter is, if I continue to trade like this, without managing my risk, and continuing to incur 20% losses because I am wishing...