In the weekly timeframe we have a classic starting diagonal that was completed last August.
We are now correcting the whole uptrend from March 2020, in a zig-zag.
Normally we would have a 100% extension from waves A-B, which would take us all the way down to the $2 region (yellow rectangle).
Of course, the 100% extension is not a requirement for a zig-zag, but only a break of $6.20 would make me consider the correction is over.
We are now correcting the whole uptrend from March 2020, in a zig-zag.
Normally we would have a 100% extension from waves A-B, which would take us all the way down to the $2 region (yellow rectangle).
Of course, the 100% extension is not a requirement for a zig-zag, but only a break of $6.20 would make me consider the correction is over.
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📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)
linktr.ee/stoic.trader
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.