It turns out the whole move down was Wave 1.
Wave v was extended because of Silvergate.
This is why this correction is so deep.
At small degree price has come to a halt because Wave (C) of Wave 5 is a Weak 5-Wave move.
Watch for a reversal a .618.
I will post an update once it reverses.
Confirmation of a reversal when we break below 21,748.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Wave v was extended because of Silvergate.
This is why this correction is so deep.
At small degree price has come to a halt because Wave (C) of Wave 5 is a Weak 5-Wave move.
Watch for a reversal a .618.
I will post an update once it reverses.
Confirmation of a reversal when we break below 21,748.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research[b/] instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.