zippy1day

zippy1day

Whichever way you look at this it is difficult to predict for bull or bear imho....so this is my bullish take?

zippy1day

Well this looks kind of weird so far as Elliott Wave goes but the pattern speaks as the title suggests and so $50K looks achievable! thepatternsite.com

zippy1day

This looks very much like the schematic below:- stockcharts.com

zippy1day Updated 

Only an idea in the midst of corrective ABC's as I think we are going to test recent highs of $64K+!

zippy1day

With Rule of Thumb we have made T1 on the downside and hit the golden pocket so are we done?

zippy1day

This is still a Megaphone but more in the style of a "Broadening Wedge"! forexop.com

zippy1day

Looks very much like this pattern forming, so we will have to see if it plays out? www.elearnmarkets.com

zippy1day

An interesting perspective if correct! Target whichever way I count it has a $95K ~ $100K+ target.

zippy1day

It would appear we have made SOS level(Wyckoff Re-Accumulation) and now pausing for next leg up and so I have a target then of $95000 ~ $100000.

zippy1day

A shallow (ii) if that's what we have made but it met Bulkowski's "Rising Wedge" Down Target!

zippy1day

If this is a leading diagonal in an uptrend we have found the SOS(Sign of Strength) and possibly in the process of forming (ii)0f a higher degree? ewminteractive.com

zippy1day

Re-accumulation so far looks favourite for now!

zippy1day

Have the bears taken control with this "Bearish Harmonic Pattern"? We have also fallen out of the channel!

zippy1day

Assuming we are in this Wyckoff Re-Accumulation phase, then we still have allot of work to take us into Phase E and break the existing Distribution Phase and local top in my opinion!

zippy1day

Wyckoff re-accumulation looks credible if we have just sprung and completed Wave v? school.stockcharts.com

zippy1day

This exhibits all the similarities of the pattern below:- Bulkowski on the Descending Triangle Elliott Wave Pattern, As normally expected they don't always break down? thepatternsite.com

zippy1day

Well have the manipulators managed to shake enough weak hands out, if so this pattern likely to make this formation?

zippy1day

Of course the opposite applies when considering the failure of the Flag and down targets! Flags, down breakout = Flag high - ((Flagpole height) * 46%) Bulkowski Down Target : $34,958.26