Downtrend ABC wave?
Diupdate
This way I see the current Elliott waves until now: a big ABC wave targeting $5400, with a ABCDE subwave on the big A wave.
I see many TA's trying to identify little waves and fit things that don't seem to fit trying to predict a bullish evolution, but in my eyes this fits better. The latest jumps were only pumps, they happened in the same time as some shorts and longs were liquidated, as reported in twitter @whalecalls, I don't think one can fit Elliott waves on them.
But I may be wrong, I am new to this site.
What do you think?
I see many TA's trying to identify little waves and fit things that don't seem to fit trying to predict a bullish evolution, but in my eyes this fits better. The latest jumps were only pumps, they happened in the same time as some shorts and longs were liquidated, as reported in twitter @whalecalls, I don't think one can fit Elliott waves on them.
But I may be wrong, I am new to this site.
What do you think?
Komentar
Wave B was a little longer in fact, wave C had 5 subwaves but failed at about $6500 trying a bullish impulse wave; but now as I am writing it's still going down
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