ElliottWaveBro

ElliottWaveBro

I believe this is the end of corrective Wave(4) Combination: Triple Three WXYXZ

ElliottWaveBro

Possible/Probable upside to complete last wave of the impulse

ElliottWaveBro Updated 

We are looking a possible corrective Wave (4) Support level at around $34k Possible sideways consolidation for more upside towards Wave (5) end of ③ Colored levels are Fibonacci Extensions Price hit a strong channel resistance level

ElliottWaveBro Updated 

Forming Wave (4) and possible probable outcomes

ElliottWaveBro

Support levels converge 78.6% of Wave ① 4H MA 55 1.618 Fib Channel I believe this to be its lowest point, it might move sideways along 1.618 Fibonacci channel support level and 100% of Wave ① ($24.13) resistance Target remains the same, around $33 to complete Wave ③, earnings on Feb 18 could be the catalyst. After that expecting corrective Wave ④

ElliottWaveBro

Possible count Expecting down trend corrective wave ② Practicing with Fibonacci tools

ElliottWaveBro

Possible wave count

ElliottWaveBro

Corrected wave count from previous posted chart, target remains the same.

ElliottWaveBro

It was now a leading diagonal Wave 1 but a triangle for a double three Wave (2) Probable/Possible target price for Wave (3) is $7.55

ElliottWaveBro Updated 

Possible leading diagonal for Wave 1 of (3) IF so, correction due for Wave 2

ElliottWaveBro

Updated Wave (2) correct labeling, double zigzags. Three different calculations for Wave (5) give a probable/possible target price of $33

ElliottWaveBro Updated 

Seems like a completed Wave (1) Fibonacci retracement and volume possible confirmation of correct wave count IF so, expecting retracement to healthy RSI condition for a buying opportunity

ElliottWaveBro

Possible Wave (5) target

ElliottWaveBro Updated 

Wave 4 seems complete, should go up in five waves to a target price near 22

ElliottWaveBro Updated 

Possible/Probable wave (2) scenarios It retraced to 85.4% (wave ((iv))), but it could retrace to 61.8% (wave 4) 2h RSI shows it could be the 61.8%

ElliottWaveBro

It's either on corrective Wave (4) or it's on impulsive Wave 3 of (5). If it is impulsive, look for higher highs.

ElliottWaveBro Updated 

IF wave count is correct IF it breaks past 42.3 We are looking at a possible/probable target of $51.71

ElliottWaveBro Updated 

Looks like an ascending triangle (3-3-3-3-3) horizontal corrective wave (2), resistance level 61.8% of wave (1). Wave E should fall short of support and break through resistance.