Will the Bearish Trend continue, Probability says yes

19 Jun 2018

So far ETH is still following the path I laid out two weeks ago. It would appear ETH has just completed an ABC correction and should start to fall from this level toward the 350-400 level.

We can see ETH has just been rejected from the downtrend line and appears to still be moving within the pitchfork of the downtrend channel


Okay so what about a bullish count well it doesn't look good and at best ETH could be putting in a leading diagonal but it doesn't seem likely at this point


So whats the target, Well oddly enough the 1:1 of the Y wave is 371 and the 1:1 of the A wave in the Z is 373 that area would also fit within the pitchfork and would be a good target to complete this WXYXZ correction.


If something changes I will update

Prosperous trading everyone,
These are my ideas for my trades and should not be used for your trading strategies.

20 Jun 2018

Nota

Came off in 3, lets see what happens here, exited my trade. Let's see what happens here. A break of the downtrend line would be bullish formation.
Possible bullish count for a 3rd wave.