the pink and the grey projections are a part of extreme bearish harmonic impulse
The decision point will talk which pathway this will follow..
if the decision point breaks with the breach of 1.618 level then the median line of the pitchfork is going to price magnet the fall..As a reference, i have taken the pi number to be the bottom... if the correct bounce happens on the upside, the impulse will top out at 1.618 to 2.24 level as marked a 2 option..
harmonic impulses dont have a lower cap on the fall, so i will just take for the sake of demo i am taking the present downtrendline will be retested ....
as a further guide there is a huge bat that is forming, and the bottom should be at the decision point of it, but since it is too loose a structure i dont assume it to give the correct impulse., but still, the present harmonic impulse also matches the bearish bat's PRZ as 1.27ab=cd and ab=cd...
the current down arrow is the logic for completion of the impulses i am workingg with along with a massive divergence in 4hrs chart.. which i m updating below
Disclaimer.. not an investing/trading recommendation... not active trading at present... no cryptocurrency in possession at present...
this in Not a time line considered analysis approach
The decision point will talk which pathway this will follow..
if the decision point breaks with the breach of 1.618 level then the median line of the pitchfork is going to price magnet the fall..As a reference, i have taken the pi number to be the bottom... if the correct bounce happens on the upside, the impulse will top out at 1.618 to 2.24 level as marked a 2 option..
harmonic impulses dont have a lower cap on the fall, so i will just take for the sake of demo i am taking the present downtrendline will be retested ....
as a further guide there is a huge bat that is forming, and the bottom should be at the decision point of it, but since it is too loose a structure i dont assume it to give the correct impulse., but still, the present harmonic impulse also matches the bearish bat's PRZ as 1.27ab=cd and ab=cd...
the current down arrow is the logic for completion of the impulses i am workingg with along with a massive divergence in 4hrs chart.. which i m updating below
Disclaimer.. not an investing/trading recommendation... not active trading at present... no cryptocurrency in possession at present...
this in Not a time line considered analysis approach
Comment:
price momentum bearish divergence
