ETH's ABC corrective pattern
I see that we are now in impulse wave 2 of corrective wave C with a target $550-$510.
A higher high (above $1170) is required to void this theory.
You are responsible for your decisions in this volatile market.
A higher high (above $1170) is required to void this theory.
You are responsible for your decisions in this volatile market.
Note
There is a very large Bear pennant forming. A break below sees the pennant target align with the .78 fib retracement of the overall weekly bull rally.Could be some serious selling action on the cards soon.
A break to the upside and a higher high is still required to void this theory
Note
actually the pennant targets are more like this
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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.