Still expecting to complete this large WXYXZ Pattern
Once we see a completion of this corrective X wave (around the trendline) we can expect a large Z impulsive wave to complete the pattern.
Keep an eye on the marked box.
Mobile Go is yet to have any noticeable pump. Looking at the MACD and volume profile it looks like we are in a fairly large ABC correction.
Lets wait for the corrective C Wave to finish around the marked box on the chart before jumping in.
After such an explosive impulse, I'm expecting a larger correction before the next large impulse up.
I'll be looking for longs once we break the low or around that level. (in-case we see a contracting flat)
Good luck traders.
Ok guys, I'll give this a go.
I'm expecting this correction to form an expanding or contracting flat.
We are due a shake out/profit-take here hence the rise before the big corrective impulse down. The structure of a large flat makes perfect sense to me.
I hope we can then continue on our way up towards 20k but let's see. I've marked it on the chart to show my...
Fully expecting BCH to complete the impulsive Z wave to around the area marked on the chart. We should then see some form of correction
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