I believe ETH completed a smaller triangle yesterday that composed wave b of a three wave move making up wave (d) of a larger triangle that has been building out over the past weeks. I believe we will either see a sharp or shallow wave (e) following one more low. Current buy targets $190-$188. My gut is telling me wave (e) will look to retest $200 and ultimately fail. Following that, my final target for ETHUSD in this bear market is $136-$125. I am long short-term, short mid-term and long-long term. I also note the expected time range for us to fall out of this larger triangle and begin our descent down to the $125 area. A.J. Pretcher notes that triangles usually make their final move right around the time where the two trend lines of the triangle reach their vertex, i.e. Nov. 4-Nov. 10 depending on how you draw it.
*THIS IS NOT TRADING ADVICE*
*THIS IS NOT TRADING ADVICE*
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Update: Looks like we just completed a flat ABC for wave circle 4 of c of (d).
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Above $197.05 and I would consider wave (d) complete.
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We might expect wave e to overthrow here inorder to touch the channel line, ~$215 being the max. We've already overthrown a bit and $200 might hold, we will have to see.
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