Updated bullish plan after retracement
Updated
Hi there,
Here's my updated plan after the big red candle. Seems like I slightly messed up in the smaller cycles in my previous analysis but the general bullish plan is still going strong. Light green wave 4 probably found its end at 50% of wave 3 (itself around 200% extension), which RSI 4h closing just validated as it stayed just a bit above wave 2's crease. Bought the 4 bottom and I'm now waiting for wave 5 to be done.
Would be pleased to hear your thoughts and reacts. Cheers.
Here's my updated plan after the big red candle. Seems like I slightly messed up in the smaller cycles in my previous analysis but the general bullish plan is still going strong. Light green wave 4 probably found its end at 50% of wave 3 (itself around 200% extension), which RSI 4h closing just validated as it stayed just a bit above wave 2's crease. Bought the 4 bottom and I'm now waiting for wave 5 to be done.
Would be pleased to hear your thoughts and reacts. Cheers.
Comment
Everything good so far, we must be doing light green 5's internal 3. Let's watch out anyway, I may have placed wave 4 a bit early and am still expecting it might turn to a running flat since we reached 113% retracement of the corrective wave, we might go have a look around 31,6k or 29k before wave 5.
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.