Ethereum 4H Elliott Wave Study

Apr 25, 2020

I have made an Elliott wave analysis to learn and combine with Gann, so this is not a financial advise. Trade at your own risk.
Lets see if my crystal ball works or not.

I also placed a Gann fan to the top before hard dump.

Wave 1 Fibonacci => Yellow
Wave 3 Fibonacci => Orange
Wave 4 Fibonacci => Blue
Wave 5 Fibonacci => Magenta

• Wave 2 is 50%, 61.8%, 76.4%, or 85.4% of wave 1
  
  
• Wave 3 is 161.8%, 200%, 261.8%, or 323.6% of wave 1-2
  
  
• Wave 4 is 14.6%, 23.6%, or 38.2% of wave 3 but no more than 50%
  
  
• There are three different ways to measure wave 5. First, wave 5 is inverse 123.6 – 161.8% retracement of wave 4. Second, wave 5 is equal to wave 1. Third, wave 5 is 61.8% of wave 1-3
  

Apr 29, 2020

Trade closed: target reached

Wave 4 was 14.6% so ETH will go to 215-220 something.