- On the weekly macro scale, we have succesfully completed an impulse wave (12345) to the downside!
- And because of that, i am expecting a retracement (ABC) to the upside.
- Target for the retracement is 0.618 FIB or if you are more conservative, you can choose 0.5 FIB + start of the wave 5, which is also a reasonable target.
- We have a hammer candle at the end of the impulse wave with a big wick, which is definitely a sign of rejection to go lower.
- If we take a look at the volume - I don't see any bearish pressure, so it's nice to see.
- Look at my analysis about Bitcoin and Ethereum (Elliott Wave) in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
- And because of that, i am expecting a retracement (ABC) to the upside.
- Target for the retracement is 0.618 FIB or if you are more conservative, you can choose 0.5 FIB + start of the wave 5, which is also a reasonable target.
- We have a hammer candle at the end of the impulse wave with a big wick, which is definitely a sign of rejection to go lower.
- If we take a look at the volume - I don't see any bearish pressure, so it's nice to see.
- Look at my analysis about Bitcoin and Ethereum (Elliott Wave) in the related section down below ↓
- For more ideas please hit "Like" & "Follow"!
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.