ELLIOT WAVE ANALYSIS AND NEAR FUTURE PREDICTION
As I have said before in the linked analysis wave 3 of this bull trend has started.
As you can see in the chart sub-waves (i) and (ii) of wave 3 are completed and sub-wave (iii) is halfway through.
sub-wave (iii) will end at the shown zone between 2 and 1.618 Fibonacci extension levels most likely at the same price wave 1 ended. after a short correction which will end roughly at the shown zone sub-wave (v) will start and I'm pretty sure it will be the biggest sub-wave of wave 3.
sub-wave (v) will start slow and linger in 1.28 to 1.35 zone BUT (and its a BIG but) it will explode after a 4H close above 1.36 and it will continue its climb toward 3$. Its hard to tell where it will end but it surely will NOT be below 1.7$.
KEEP IN MIND THIS IS JUST AN ANALYSIS AND EVEN I HAVE A BACKUP PLAN IF MY ANALYSIS TURNS OUT TO BE WRONG.
Never ever invest money you can't afford to lose.
Please comment your thoughts and questions. I will try my best to answer your questions and would love to know what you think.
As you can see in the chart sub-waves (i) and (ii) of wave 3 are completed and sub-wave (iii) is halfway through.
sub-wave (iii) will end at the shown zone between 2 and 1.618 Fibonacci extension levels most likely at the same price wave 1 ended. after a short correction which will end roughly at the shown zone sub-wave (v) will start and I'm pretty sure it will be the biggest sub-wave of wave 3.
sub-wave (v) will start slow and linger in 1.28 to 1.35 zone BUT (and its a BIG but) it will explode after a 4H close above 1.36 and it will continue its climb toward 3$. Its hard to tell where it will end but it surely will NOT be below 1.7$.
KEEP IN MIND THIS IS JUST AN ANALYSIS AND EVEN I HAVE A BACKUP PLAN IF MY ANALYSIS TURNS OUT TO BE WRONG.
Never ever invest money you can't afford to lose.
Please comment your thoughts and questions. I will try my best to answer your questions and would love to know what you think.
The correction that started 02 sep at 12:00 and ended 03 sep at 00:00 may or may not be sub-wave (iv)
If it is sub-wave (iv) we will linger in 1.30 to 1.35 zone (maybe hit 1.35 and have a tiny correction) and then after closing above 1.36 get boosted to our target above 1.7$.
Make sure you don't loose your chance to get on the train.