ETHUSD Retrace Watch: Update on Hourly chart

I am disappointment to have missed the bigger picture in my last Published Idea for Ether.

This is a much more comprehensive analysis of Elliot Waves and Fibs.

I looks like a 5 wave Impulse completed, at exactly the 5.618 and 2.618 of previous two impulse waves.
The bad news is that this whole move might have been just an ABC correction, meaning an impulse down could start again.
I am working on an alternate count to see if this could be ''the top'' for now, but I am thinking NOT.

تعليق:

We bit of a bounce at first possible support (at least a stop of momentum)

تعليق:

I suppose the bounce could be end of wave A, but I am thinking NOT. The first wave of a correction (A) should have 5 sub waves.

Sometimes wA will have 3 subwaves only, in which case it might turn into an ABCDE instead of simple ABC

تعليق:

Dancing on Support. Bears not able/willing to push lower right now, bulls thinking about buying