This is the jailbreak scenario for Po.et's finalizing traingle. Since this is the beginning of a new cycle of Elliot waves, it is quite difficult to predict the path it likely follows. However the common symetries (they are also not perfectly shaped) and channels in the graph gives us some perspective. On the bearish side, the bottom of the triangle can be revisited. Stop loss: 395. This is not a financial advice
Trade attivo:
The first wave hit the target as illustrated. Po.et semms to form a reverse H&S. In line with this, i revised my 3rd wave to 525. But all will be following BTC which may turn its way towards the main trendline (at around 7.2K) if the currently forming fractal will turn into a bearish flag. This means all crypto will collapse again. So i closed all my all trades and started to watch carefully what will happen with the fiat within the coming days or even in hours.
Trade attivo:
Now, currently the second wave is in progress and headed towards 420s or lesser. This will be at the same time powered by the sub-correction C wave so i guess it will be a long and impulsive wave.
Trade attivo:
430 is not what i meant. it should be lower. primarily to 417 and then to 393. this is not an investment advice.