I tried to count potential Elliott waves up to the final price range that according to this variation should be in the 2800-3200 $ zone. According to the count and fibonacci levels, we could see 6300-6700 zone as target no. 1, 4850-5050 zone as target no. 2 and, of course, 2800-3200 as the final target.
It might take months to wrap up the slowest fifth wave, but this is just an exercise in analyzing bear market development.
There is another option, that with yesterday's dip we've finished first wave of the new bull cycle. It's really mixed signal territory at the moment.
It might take months to wrap up the slowest fifth wave, but this is just an exercise in analyzing bear market development.
There is another option, that with yesterday's dip we've finished first wave of the new bull cycle. It's really mixed signal territory at the moment.