quantmaven

Synthetix: readjusting the short-term count slightly

I was surprised that Synthetix rallied so much over the week end, that the sub-wave B is much longer than I expected so I readjusted the count to match what the price has done. Now I think there are higher odds that price falls to the 50% Fibonacci retracement than the 61.8%. In other words, Synthetix is bearish in the short-term but very bullish in the long-term and the upcoming dip seems like a great entry point.
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