Potential set up for ETH based on Elliott Waves, Fib retracements, Fib extensions, and Fib time zones. Wave 5 of the primary Elliott Wave is a extended wave 5 extension. Once Impulse Phase is complete the correct ABC phase will begin.
Primary Impulse Wave - White projection line with white circles
Extension Waves - Yellow projection line with yellow circles
Extended Wave 5 - Wave 4 retracements:
.5 - $3,537 (30% chance)
.618 - 3,425 (40% chance)
Extended Wave 5 - Wave 5 extension:
Normal - 1.618 (Equal to Wave 1)
Bullish - 2.618 of the Wave 4's retracement
Primary Impulse Wave - White projection line with white circles
Extension Waves - Yellow projection line with yellow circles
Extended Wave 5 - Wave 4 retracements:
.5 - $3,537 (30% chance)
.618 - 3,425 (40% chance)
Extended Wave 5 - Wave 5 extension:
Normal - 1.618 (Equal to Wave 1)
Bullish - 2.618 of the Wave 4's retracement
