Quick plot to guesstimate LTC bounce targets.
Purple Fib was clearly in control of down wave.
Blue Fib took over immediately upon bounce.
The 12345 Elliott Wave is messy but within rules.
If 4 overlaps into 1 at all, then it is only corrective.
Corrective as in 12345 is really (A) of an ABC to come?
If wave 5 extends to 86.xx then more likely continuation of uptrend.
If wave 4 breaks into wave 1 then count is wrong and new prespective.
Since wave 2 was shallow but wide, 4 should be deep but narrow (quick).
Purple Fib was clearly in control of down wave.
Blue Fib took over immediately upon bounce.
The 12345 Elliott Wave is messy but within rules.
If 4 overlaps into 1 at all, then it is only corrective.
Corrective as in 12345 is really (A) of an ABC to come?
If wave 5 extends to 86.xx then more likely continuation of uptrend.
If wave 4 breaks into wave 1 then count is wrong and new prespective.
Since wave 2 was shallow but wide, 4 should be deep but narrow (quick).
Catatan
Nice fib confirmation. Absolutely do doubt bids are exactly on the line .
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Publikasi terkait
Pernyataan Penyangkalan
Informasi dan publikasi ini tidak dimaksudkan, dan bukan merupakan, saran atau rekomendasi keuangan, investasi, trading, atau jenis lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Ketentuan Penggunaan.