WAN 100% profit potential (short term)

WANBTC 1D Elliot Wave count.
Looks like we just finished Wave 2 correction.
Targets for the Wave 3 (green rectangles) depending on the extension it will take.
As a rule of a thumb Wave 3 often reached 1 : 1.618 ext.
Red rectangle is a Target for a corrective 4th Wave.:
1. 2nd Wave retraced shallowly. Hence, wave 4 is expected to retrace steeply.
2. Even if Wave 3 reaches 1:1 ext, 0.5 fib retracement land in the same levels ( red rectangle )
3. It cannot retrace into the Wave 2 territory

DYOR.

Komentar:

Update count. I believe I missed the fact we still have the C of the corrective wave to finish.
It ABC correction usually ends up in the low point of the previous Wave 4 territory. Hence, the ABC target.

Komentar:

I am gonna be placing my buy orders near 7000 sat.

Komentar:

WAN/BTC 4H update.

We're as I believe we in 2nd Major Wave ( just starting to corrects after the 1st Major (12345).
I might be placing my buy orders in the red rectangle zone (0.5 - 0.618 fib retracement).

targets for the wave 3:
1. Small blue square - 1:1 ext
2. Big blue rectangle - 1:1.618 ext

In the grand scheme of things we might be starting in 2 CYCLE WAVE correction.
And then 3rd CYCLE WAVE.