MATIC/USDT Elliott Wave count
I have two bullish scenarios here from Matic if it can be accepted above one of the Fibonacci support levels:
1st. Blue - It can create a leading diagonal, 3-3-3-3-3 formation, but the 5th wave must terminate somewhere below 1.80 because it can not exceed the 3rd wave
2nd. Red - it can create a WXYXZ correction that can go somewhere between 1.9 - 2.0(if it will correct from the 0.618 support level
Invalidation point of this two counts will be below 1.33
1st. Blue - It can create a leading diagonal, 3-3-3-3-3 formation, but the 5th wave must terminate somewhere below 1.80 because it can not exceed the 3rd wave
2nd. Red - it can create a WXYXZ correction that can go somewhere between 1.9 - 2.0(if it will correct from the 0.618 support level
Invalidation point of this two counts will be below 1.33
