EW Theory - Bullish trending
Descending (Top declining, bottom flat), bullish confirmation, impulse wave, followed by a three-wave-correction, before bullish trend resumes. Correction wave (C) may descend farther down but there appears to be strong support at the 0.618 ($200) range, potential down side to $164 range). Important next few days, tomorrow could be good buying opportunity if holds $200, if we descend past $200 could see a drop down. Could see bullish trend resume this week Wednesday or next.
- Fib ratio to watch for before completion of Cycle wave (III) 100% (418.61), 123.6% ($489.41), 161.%% ($604), 200% ($718.60).
- Fib ratio to watch for before the completion of WAVE ((III)), 161.8% (819.12) & 200% ($1001.49)
Short term: Bullish
Long term: Bullish
Was inspired by the Elliott wave guy and am still learning the theory.
Would love to hear any ideas, comments, suggestions.
Not financial advice. I am not a licensed professional. Just a guy with a thing for charts.
- Fib ratio to watch for before completion of Cycle wave (III) 100% (418.61), 123.6% ($489.41), 161.%% ($604), 200% ($718.60).
- Fib ratio to watch for before the completion of WAVE ((III)), 161.8% (819.12) & 200% ($1001.49)
Short term: Bullish
Long term: Bullish
Was inspired by the Elliott wave guy and am still learning the theory.
Would love to hear any ideas, comments, suggestions.
Not financial advice. I am not a licensed professional. Just a guy with a thing for charts.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.