Yeahhh... baby dig that rare bird the 7th Elliott Wave. These used to be once in a decade structures, now we got two within six months if this plays out.
It did this in November. This is a distribution pattern. Just when you think the damned thing is gonna bull, it rolls over again... and again... and again.
Monday 18th ought to finish bearishness if this...
The bigger picture: in highest degree is buy buy buy, anywhere down to 1144 / 1174 and target the moon.
Ultimately I want to be long. I feel the core projection for the weekly move down has reached max target at 1195 +161%, 261% comes in at 1145 and 88% maybe a retrace in wave 6 for the set going up from 1105
The second hit on 1210 now looks like wave 4 in set...
I'm hoping there's one more move down to come and it's gonna start here at termination point E around 1050 / 1080 and drop to 7500. This looks like a classic expanding triangle.
Euro looks ready to drop to new low and finish the down move of last few weeks. Here it's made a contracting triangle (top declining, bottom rising.) The move now to the upper trendline termination E. Price can undershoot or overshoot the trend line at point E. Price should not go above 1.1296> Sell 129X target 1174/1144.
Bitcoin may pull back to 10043 to 11200 for the reversal back up. we're not done with the current bounce? The current move up looks done definitely another wave down to complete the run down.
We've crossed the lower trend line and reached point E. There is an ending diagonal / falling wedge (bullish on the lower timeframe charts. Projection extension levels are lining up in all wave degrees. Looking for return to 1400s.
Eur/usd keeps grinding lower, but clearly a reversal wedge or triangle is formed up and reversal coming.
Core projections are being skewed lower or stretching out in time with every 6 wave to 7th wave for all waves in the last few weeks.
I'm holding long with stops under 1.1236.
