artisticDog29915
correction waves are always complicated and messy often changes direction too often, goes up and down in a wide range either triangle, wedge or some sort of zigzag, internal waves usually goes as abc, wxy, wxyxz type of correction waves and it may seem like ended many times in the subwaves. so often confused with many other ideas. i believe correction continues...
Unless it brakes the downtrend with a weekly candle close it should bounce back up in long run. should be closely monitored since it will give us a lot of information about current market direction. i expect bouncing back up but we will see.
it s a correction, it s messy, it is complicated but also it is necesery, so this is a sell until the brake of channel, until probably next week friday or so.. i expect 3251-3205 or maybe little bit lower targets
there are definetly more than 1 posibilities in this one, 1 more down wave can occur and that is why i have a invalidation level. long term definetly buy but short and mid term is just not very clear, i am thinking it s time to buy. what i am going to do is keep track of it a bit more in short term and if it gives me good buying opportunity near the below i will...
i have made several analysis of this in recent weeks and it moves excatly i predicted so far. soon with the upbrake of the trend will confirm our 1.1890 target
cant be certain when it comes down to correction waves, it might be here 1.1211 it might go little bit more down around 1.1152 or 1.10 but when it ends it will go for higher than 1.17 also correction wave lenght will give us a better idea where the tp should be so i will keep my first buy position and will add when i am certain when next impulse wave started.
We have started our next impulsive wave. Elliot Wave is not some magic tells us future but eliminating all the possibilities while market pricing fundementals and clear patterns. so when we have left with only very limitided posibilities we know how to position ourselves. here is one of thoose handful of options left in the hand. short term targets : 3469-3531
Holding buy side. it s been staying in the range of 38.2 and 61.8 fibo levels. it will need to h1 candle body brake 3401.
Since this last correction from 3460 to 3368 i was considering upwards double zigzag or an impulse wave and small posibilty of ending diagonal. when i looked into smaller time frame counts and also this delaying correction moves with interesting fibonacci levels i am convinced to that maybe we are in an ending diagonal. so what i am going to do is i will full tp...
correction continues i already sold at 3399 and took profit at 3355, i closed it early because it s a sell trade and sell trades doesnt always hit the fibo levels, but still i am expecting price to drop around 3330-3325-3310 area i will buy there. to 35xx target dependin on where it ends.
it is another correction meaning another buy oportunity, my expectations are coming alive one by one with the market unfolding. i expect another impulse before proper correction. probable buy limits 3355-3346-3331 first targets short term 3438-3487 long term 3680
with another correction i fixed my counts, i think we should be done with the correction now, yet main thing i keep on watching the trend lines break that will give us much better idea what is going on.
i think we are going to be buying very soon 3281-3285
basically there is a flag formation in short term and with the brake of the little triange it should go up, if downbrake shown as invalidation level should be stop loss for this trade.
details in the chart i expect another impulse wave.
i strongly believe we are finished the correction wave now, we will see our next move going straight and fast up in next couple of weeks unless we hit our invalidation level.
2048-2440 Strong resistance levels, upbrake of the trend will pump etherium to the target. invalidation level is important it is half of the current price. patience will create gain opprtunity on this one.
main trend is up. depending on the correction we will have clear target i expect 1.19-1.23 closely watching the trend brakes. daily or h4 candle brakes are cruical. correction might be ending if not it might give us better buy opportunities around 1.11 or little bit below 1.11