$FTM - Odin Zone

FTM - Odin Zone.

So the first thing I want us to notice here is the FSS doing pretty good on this timeframe. Even the second buy signal during the drop yielded 13% upside.

In a previous iteration of this chart, the .618 zone barely gave any resistance to the drop. It led me to believe, that we might have had a full run here (12345). After adjusting the fibs, we see that the golden pocket held much better, with just a small few wicks under the pocket. As a result, I moved my original Odin zone to favor a lower entry at the new .786 point.

The waves are ever evolving as we chart them. As Elliottists, we must be constantly updating what we see to reflect the new price action. But in general FTM always makes great looking, textbook waves, which is why it is one of my favourite coins to look at on a consistent basis.