es 8-10 update ~
good morning,
i'd like to be bearish, but it's not advised to go against the flows of nature.
here's three scenarios i currently see at play in this general area~
---
1. the green (the bull) - this case will confirm that a bottom was created and we successfully were able to put 5 waves up to create wave (1) of a higher degree,
wave 2 would pull back 50~60% of this entire move up, then we'll see a rally to $6000 after.
(this would truly be the least expected scenario, as the world enters into a recession, quantitative easing begins, and the markets roar to all time highs on pure euphoric madness, just because they can).
---
2. the red (the easy bear) - this case implies that the market fails to create 5 waves up, and is terminated after the initial 3 wave move
next move out of this is to 3500.
(most probable).
---
3. the blue, 5 waves up is created, but the market is unable to maintain structure and breaks the lows.
the 5 waves up is counted as an expanded flat, and a target between 3300~3500 becomes a magnet.
(least probable).
---
which ever case plays out, there will be a trade on the opposing end.
for now, i think it's best to wait for confirmation unless you're already in, and don't forget to take profit o/
let the market show you where it wants to go, and simply go with the flows of nature 🌊
i'd like to be bearish, but it's not advised to go against the flows of nature.
here's three scenarios i currently see at play in this general area~
---
1. the green (the bull) - this case will confirm that a bottom was created and we successfully were able to put 5 waves up to create wave (1) of a higher degree,
wave 2 would pull back 50~60% of this entire move up, then we'll see a rally to $6000 after.
(this would truly be the least expected scenario, as the world enters into a recession, quantitative easing begins, and the markets roar to all time highs on pure euphoric madness, just because they can).
---
2. the red (the easy bear) - this case implies that the market fails to create 5 waves up, and is terminated after the initial 3 wave move
next move out of this is to 3500.
(most probable).
---
3. the blue, 5 waves up is created, but the market is unable to maintain structure and breaks the lows.
the 5 waves up is counted as an expanded flat, and a target between 3300~3500 becomes a magnet.
(least probable).
---
which ever case plays out, there will be a trade on the opposing end.
for now, i think it's best to wait for confirmation unless you're already in, and don't forget to take profit o/
let the market show you where it wants to go, and simply go with the flows of nature 🌊
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