Lets assume that since the bottom
We have seen a major Elliott Wave forming and we are in the firs major corrective wave.
In the first wave we have seen 5 sub waves and are currently in sub wave C of the corrective wave
Its possible that we will see a massive Wolfe wave push us up into a reversal
pushed up further by a massive bull pennant forming
Following Elliot wave theory
the corrective wave is supposed to retract 50-62%
which would put our estimated entry between $8400 - $9100
Feeling very bullish for the near future.
I am just learning and sharing idea's hoping to learn more
We have seen a major Elliott Wave forming and we are in the firs major corrective wave.
In the first wave we have seen 5 sub waves and are currently in sub wave C of the corrective wave
Its possible that we will see a massive Wolfe wave push us up into a reversal
pushed up further by a massive bull pennant forming
Following Elliot wave theory
the corrective wave is supposed to retract 50-62%
which would put our estimated entry between $8400 - $9100
Feeling very bullish for the near future.
I am just learning and sharing idea's hoping to learn more
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We may have just missed the sweet entrythough im unsure because we havent retracted much for a corrective Elliott wave
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Estimating potential bottom/entry at $9250 and 10pm PST
I estimate like this to see how well I am learning
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I suspect that we are moving towards $14-15k by around March 17thfrom the size of the pole leading to the bull pennant.
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Perhaps we are going lower before going upNota
If we are mid correction wave c then I will plan to scale my entries in at about $8900-9100 mid 2/25/2018
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Should know a cleaner estimated entry and time soon.So far we are in
Major Corrective wave 1, Minor wave C, Micro Corrective wave C
Thinking it will happen pretty quickly and abruptly
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Working on finding target direction, entry and time frame.Seems like a low of $8400 and high entry and confirmation level 1 at $9000
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Recently noticed potential bearish Wolfe wave (in orange)gives a new estimated time period between February 25th to 27th
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Sorry Wolfe wave outlined in Yellow, not orangeNota
Longs have started accumulating yet shorts havent started closingI suspect that the longs are buying on their target 1 entry so to not miss a low
yet the shorts have not started closing yet
because I assume we have not seen the bottom of the corrective wave
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Updated estimated target entry and time frameNota
Current estimated path of the corrective wave.Nota
Bull pennant only half complete?Also we have not retraced back yet to 50-62% for a corrective wave.
I suspect a short lived bull run back towards the historic resitance trend line
then back down to $8000-9000
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.