It's been a while since I provided an update on the Wyckoff idea

Good morning traders,

I have been a little busy recently, so haven't had chance to provide an update on my wyckoff accumulation idea.

As you can see on my chart, we are well and truly in to the new bullish trend that follows a wyckoff accumulation pattern and from the looks of things there is a Leading diagonal pattern forming, made up from waves and the sub waves within each wave.

As you can see my elliot waves have been measured and my targets for each wave marked up.
I believe the 5th purple wave will complete around $31,775 which is a key support/resistance level.

These waves I have marked up are minor waves and once the 5 wave cycle has completed, I believe this will be primary wave 1 which will be followed by a correction down to primary wave 2. What this will come down to will be determined once we know where the end of the primary wave 1 is and we can then measure the wave 2, which I will sure to provide an update for.

Please like and share my idea along with leaving your comments if you don't agree.

Happy trading 👍🏻

GDuB

Komentar:

Here is 2 scenarios which I am looking for and undecided which one at the moment:

or alternative scenario: