Elliott Wave pattern:
Wave 1:
Wave 1 must be an Impulse or a Leading Diagonal .
Wave 2:
Wave 2 must retrace Wave 1 by a minimum of 20%.
Wave 3
Wave 3 cannot be less than 1/3 of Wave 1 by price.
Wave 4
Wave 2 and 4 cannot overlap
Wave 5:
Wave 5 must move by price more than 70% of Wave 4.
Stop loss= $ 48000
Bull Market or Bearish Market?
Appendix:
Wave 1:
Wave 1 must be an Impulse or a Leading Diagonal .
Wave 2:
Wave 2 must retrace Wave 1 by a minimum of 20%.
Wave 3
Wave 3 cannot be less than 1/3 of Wave 1 by price.
Wave 4
Wave 2 and 4 cannot overlap
Wave 5:
Wave 5 must move by price more than 70% of Wave 4.
Stop loss= $ 48000
Bull Market or Bearish Market?
Appendix:
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fail and get up
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