Head & Shoulders pattern: C-wave

2024年9月23日

Chart description

• Skewed H&S pattern. Looks confirmed;
  
• Price broke previous local high;
  
• Additional confirmation 50/100 sma cross;
  
• Expecting this to be a C-wave (3rd wave);
  
• Intermediate price targets laid out in chart
  

2024年9月23日

註釋

Price is still moving within the base channel. Seems like we're on the verge of a 3rd wave extension. Red wave count is not supported by RSI and the final price structure (box) suggests a build-up. Time will tell.

2024年9月24日

註釋

Some long-term perspective on STX. Other views/insights are much appreciated.

2024年9月24日

註釋

MACD Hook (1h) confirmed more bullish action

2024年9月24日

註釋

Honnestly believe this might be it! If BTC breaks 65k then w4 is finished.

2024年9月25日

註釋

Have this primary BTC scenario in mind.

2024年9月26日

註釋

As anticipated, BTC's price moved further down and showed a nice reaction on the 1.23fib lvl. As for STX, the previous move might be another 1-2 setup, which would indicate a different ew count. For that, I keep in mind a finished WXY (triangle Y).

2024年9月26日

註釋

Keeping it simple. If BTC can break $64.5k then wave C is finished (w4) and we're looking at a potential w5 in the making. **My chart displays a 1-2,1-2 setup, but probabilities are low. For that, we need see some volume. MACD(4h) could go first a bit lower to finished w5(2) before a ZLR to support w5(3). Either way, I want BTC to take out 65k.

2024年9月26日

註釋

Update BTC:

2024年9月26日

註釋

BTC's attempt to break 65k!!

2024年9月26日

註釋

Boom! HH

2024年9月28日

註釋

As long as we don't go below $1.84, I expect STX to still make a big move up.

2024年9月28日

註釋

BTC update.

2024年9月28日

註釋

**Retract my BTC ew chart from 24th of Sept. A 'zigzag' pattern for a wave-Y is not allowed because wave B is longer than wave C. Nevertheless, I'm holding on to a bullish narative untill the chart tells me otherwise.