In correction times it helps physichologically to look at charts from a distance (weekly, monthly charts).
We loose ourself on small timeframes (everything smaller than daily charts) and forget the long term view.
How far the will the correction go, where will we go after the correction, when will have the next big correction coming after the 5th Elliot wawe?
Those questions can be predicted using weekly and monthly charts..
So we are expecting..
Expecting the second elliot wave with a 61% retracement to fall to 700€
Then thr 3.wawe to rally to 6000€
4th wawe with a 23.6% retracement to 4600€
and the 5th wawe to 8000€ or 11000€
Timeframe withing the next year.
We loose ourself on small timeframes (everything smaller than daily charts) and forget the long term view.
How far the will the correction go, where will we go after the correction, when will have the next big correction coming after the 5th Elliot wawe?
Those questions can be predicted using weekly and monthly charts..
So we are expecting..
Expecting the second elliot wave with a 61% retracement to fall to 700€
Then thr 3.wawe to rally to 6000€
4th wawe with a 23.6% retracement to 4600€
and the 5th wawe to 8000€ or 11000€
Timeframe withing the next year.