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In our previous discussion, we briefly alluded to the emergence of a bullish reversal bar in the price, accompanied by an initiation of momentum reversal. Today, it appears that the price surge may already be in progress.
Our objective is to gain insight into the potential price structure. An analysis using Elliott Wave theory indicates the completion of waves A and B, with our focus now directed towards capturing the upswing within wave C.
Wave B culminated within the 0.61 Fibonacci retracement level, as we previously noted, characterized by a bullish reversal bar on the 4-hour chart. This marked the initial indication of a reversal. Subsequently, the alteration in momentum served as the second signal, followed by the breakout at the $26,460 level as the third signal.
To summarize, we presently possess a high probability scenario of a 5-wave Elliott Wave structure, with the ultimate target set at $28,600, followed by a substantial downturn.
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In our previous discussion, we briefly alluded to the emergence of a bullish reversal bar in the price, accompanied by an initiation of momentum reversal. Today, it appears that the price surge may already be in progress.
Our objective is to gain insight into the potential price structure. An analysis using Elliott Wave theory indicates the completion of waves A and B, with our focus now directed towards capturing the upswing within wave C.
Wave B culminated within the 0.61 Fibonacci retracement level, as we previously noted, characterized by a bullish reversal bar on the 4-hour chart. This marked the initial indication of a reversal. Subsequently, the alteration in momentum served as the second signal, followed by the breakout at the $26,460 level as the third signal.
To summarize, we presently possess a high probability scenario of a 5-wave Elliott Wave structure, with the ultimate target set at $28,600, followed by a substantial downturn.
🔔Follow us and never miss update
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Access private PineScript strategies and turn alerts into orders with easy-to-set up bots
Trade smarter with:
skyrexio.com
Trade smarter with:
skyrexio.com
相關出版品
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。