as per my earlier calculations and analysis we have been moving on the right path for due correction. This analysis is based on elliot waves 20/50/200 MA and support and resistance.
According to elliot waves we are in the phase 2 of correction or in technical term in wave c in which we will complete wave 1 at 28 k level also which will complete the double top pattern which also coincides with the triangle we have been forming. The moving averages are pointing downwards pressure which will give resistance and rejection at the time of wave 2 forming at 0.5 level to start wave 3 of wave C. according t support and resistance we see in weekly and monthly chart that major support once 28 k level broken will be 15 to 12k level which will be the perfect area for reversal to bull run and also accurate calculation for bear market correction.
this is my final analysis for bear market see ya all in bull market till 2023 ay 150 k level
P.S. - 6 months candle and 3 months candle both will impact the bearish case but the yearly candle will create the major impact
According to elliot waves we are in the phase 2 of correction or in technical term in wave c in which we will complete wave 1 at 28 k level also which will complete the double top pattern which also coincides with the triangle we have been forming. The moving averages are pointing downwards pressure which will give resistance and rejection at the time of wave 2 forming at 0.5 level to start wave 3 of wave C. according t support and resistance we see in weekly and monthly chart that major support once 28 k level broken will be 15 to 12k level which will be the perfect area for reversal to bull run and also accurate calculation for bear market correction.
this is my final analysis for bear market see ya all in bull market till 2023 ay 150 k level
P.S. - 6 months candle and 3 months candle both will impact the bearish case but the yearly candle will create the major impact
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