All Elliott wave laws, thesis, observations are valid and pretty much textbook.
Alternation
wave 1 -> usually completely fades
wave 2 -> zigzag, deepest correction
wave 3 -> most dominant
wave 4 -> sideways expanded flat, long but not that sharp and deep
wave 5 -> most euphoric and normally retail driven
Rising channe
Wave equality? Perhaps That would put the target to cca. $120k if we goin similar to wave 1. But if we are following the channel, top is in at about $200k. Two areas to look for.
What's most important: we have wave 5 in front of us :) In a few months, welcome to mania.
Alternation
wave 1 -> usually completely fades
wave 2 -> zigzag, deepest correction
wave 3 -> most dominant
wave 4 -> sideways expanded flat, long but not that sharp and deep
wave 5 -> most euphoric and normally retail driven
Rising channe
Wave equality? Perhaps That would put the target to cca. $120k if we goin similar to wave 1. But if we are following the channel, top is in at about $200k. Two areas to look for.
What's most important: we have wave 5 in front of us :) In a few months, welcome to mania.
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