please excuse the busy-ness of this chart, just waves within waves :)
first notice the large elliott wave. we are currently in corrective wave 4. wave 4 is clearly seen as an ABC 5-3-5 zigzag.
i've plotted the fib chart. since we are still completing the last of the 5 wave zigzag, i've projected the correction all the way to the .236 level, which is roughly 980 sat. only time will tell where we truly land. once we have confirmation of breakout into wave 5 will it be time to buy. until then, we watch wave 4 correction from a distance.
first notice the large elliott wave. we are currently in corrective wave 4. wave 4 is clearly seen as an ABC 5-3-5 zigzag.
i've plotted the fib chart. since we are still completing the last of the 5 wave zigzag, i've projected the correction all the way to the .236 level, which is roughly 980 sat. only time will tell where we truly land. once we have confirmation of breakout into wave 5 will it be time to buy. until then, we watch wave 4 correction from a distance.