Elliot wave in "general term" and the red circle
sorry for the green background
it's my POV on the general of 5 wave Elliot wave bullish impulse up to 2000$
note above 2000$ should target 2150 and 2200, but 2080 important price zone later as resistance or support
my focus:
1. I want to buy the dips on the red circle,
but I must take a huge note breaking 1860 would potentially see resistance at 1960,
because 1900 zone would act as support, not resistance if 1860 broken out
it would be HUGE RISK shorting above 1860
2. buying the dips again after 1960 rejection would be a huge challenge,
because it would be biased by 2000$ target
everyone want 2000$ not seeing a retrace down after 1960 I think
3. the big problem is 2000$ rejection,
it would be stupid to predict how low the drop from 2000$
I would buy the dips only or watching only and take time from 2000$ retrace down
or finger cross there even chance 2000$ break out and go to 2080$
it's my POV on the general of 5 wave Elliot wave bullish impulse up to 2000$
note above 2000$ should target 2150 and 2200, but 2080 important price zone later as resistance or support
my focus:
1. I want to buy the dips on the red circle,
but I must take a huge note breaking 1860 would potentially see resistance at 1960,
because 1900 zone would act as support, not resistance if 1860 broken out
it would be HUGE RISK shorting above 1860
2. buying the dips again after 1960 rejection would be a huge challenge,
because it would be biased by 2000$ target
everyone want 2000$ not seeing a retrace down after 1960 I think
3. the big problem is 2000$ rejection,
it would be stupid to predict how low the drop from 2000$
I would buy the dips only or watching only and take time from 2000$ retrace down
or finger cross there even chance 2000$ break out and go to 2080$
