FileCoin Bullish Start Wave 3 Weekly Renko July 2024

6 Jul

File coin will likely start its wave 3 up July 2024.
Target 1 fib ext .618 at $102
Target 2 fib ext 1.27 at $201
Target 3 fib ext 1.618 at $255

7 Jul

Catatan

Apparently this idea description is not clear enough, I did not realize I had to educate everyone on elliott waves when tagging elliott waves on an idea. I thought a statement starting wave 3 with pictures a 3rd grader could understand with wave 1 up arrow blue same as up candle color and then wave 2 down arrow red same as down arrow color and then prediction arrow in blue up indicating wave 3 with my target take profits. with stoch indicator clearly over sold would be enough analysis. But I will add this statement to the idea to assist those that need more help in understand what elliott wave theory is in words so that they don't have to see it in picture format.

So this idea shows how wave 1 completed wave 2 completed and we are going ot start wave 3. please see the big blue arrow for wave one up and the big red arrow for wave 2 down. Wave 3 up is shown with a big blue arrow for where I feel price will go next.

This is using renko candle that show the true price movement and more clear elliot wave formations.

Elliot waves use 3 or 5 wave movements typically. this idea deels filecoin is ona 5 wave impulse up movement. and that waves 1 and 2 have completed. Wave 3 will start.

Sorry tradingview but that is all the education i will provide on elliott waves if you want more go look it up. lol


Sorry everyone thought the images with the arrows, tagging this as elliotwave, and a statement indicating starting wave 3 with a big arrow indicating wave 3 and my take profit levels was more than a 3rd grader would needed to understand my analysis. Alos added in a stoch indicator shown market oversold.

Hopefully now this idea can be published and shared as there is more details in words to go along with the pictures showing wave 3 is about to start.

Wow stating wave 3 of elliot wave should be all that is needed without pictures for anyone using elliot waves but with top and pictures I truly don't understand why this needed more but here it is more details than anyone would every need.