It looks like a Major wave has complete - with what appears to be primary wave 5 finishing up around 0.0014.
It's already begun correction, passing into wave 5-3 territory, so it seems unlikely to me that there were be another push up (unless it's part of a corrective wave B).
Seems more likely that we'll be entering an extended corrective period, as this should complete the whole super wave.
It landed at 0.0014 - my original prediction was 0.00139 to 0.00145 - so this worked out pretty well as far as analysis went.
My entry point prediction of 0.00121 failed however, as it didn't retrace as much as I thought it would, preferring to go up instead.
If you're still in SUB, I'd recommend setting an aggressive stoploss that fits your trading risk, as I have difficulty seeing this moving upwards in the near future. It will likely take a week to correct, or at least several days.
It's already begun correction, passing into wave 5-3 territory, so it seems unlikely to me that there were be another push up (unless it's part of a corrective wave B).
Seems more likely that we'll be entering an extended corrective period, as this should complete the whole super wave.
It landed at 0.0014 - my original prediction was 0.00139 to 0.00145 - so this worked out pretty well as far as analysis went.
My entry point prediction of 0.00121 failed however, as it didn't retrace as much as I thought it would, preferring to go up instead.
If you're still in SUB, I'd recommend setting an aggressive stoploss that fits your trading risk, as I have difficulty seeing this moving upwards in the near future. It will likely take a week to correct, or at least several days.
Comment:
This one is so far playing to expectations. It may continue to retrace, or hold here for a little while longer. Considering that there hasn't been a significant B wave worth noting, I think it may take more days to play out, and we'll see a short term rally before it's done correcting. Losing another 10-20% value is still very much on the table.
