See original post for anticipatory analysis. Bear season extended until 2022.
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Contracting diagonal has evolved. Meaning the next leg down will be the longest within this bearish sequence.The rebound there after will only suck on more naive traders.
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Build Back Better, Buy Back Cheaper. Word to Craig Wright.Nota
a break above the red box and price could skate a bit higher -- Nota
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#fakeoutbreakoutNota
should Dikembe reign truu at the red box, we will drop MINIMALLy $1970 (orange line).Nota
Extended diagonal pattern believed to be complete however the upside retracement has come back stronger than expected. Bears can retain momentum with a drop in price below the 0.786 fib level -- a good start would be bringing price below the 0.89 fib level firstly.still heavily bearish imo
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diagonal formation becomes invalidated with a break above $48370 -- Nota
Diagonal wave invalidated. Double zig zag wave produced.. Downside yet imminent.Nota
E Wave should remain below C wave in this case -- Nota
For the slightest bullish consideration, price needs to reach $49533.Nota
#FakeoutBreakoutNota
Let’s goooooooNota
womp womp ---- a very messy sideways triangle still seems to be largely in play. reanalyzing the ultra choppy section in Wave B (white wave), its very possible that this was a triple zig zag wave (rarely seen). if one were to misread this play and mislabel the waves (as I previously have), it could put the micro wave count into jeopardy. being able to adjust is the true test. With new labeling for waves B-E, expecting more sideways action for the next few days up to a week. This is still bear mode imo.
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Going sideways to end out the year. Stay away from longs.
Decode the wave, anticipate the move // ElliottWaveScience.com
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Decode the wave, anticipate the move // ElliottWaveScience.com
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.