similar scenario to SPY and most tech stocks out there. Moving without proper pull back is often left with severe damage
is this valid as a massive head and shoulder or what? -------------------------------------------------------------
It's looking like either a WXY or a diagonal to me Lots of uncertainties here but the waves change and develop as they move so this's just my current projection as of now. But i believe we will have a massive short squeeze candle soon too
very uncertain conditions right now and i can sketch out a few possibilities this is one of them
Maybe... if this plays out ill buy a shit load of it. the thing is that I'm can also count 5 waves up on the current bounce, but it could also be an A in 2
38.2% retracement for wave 4 fulfilled but no guarentee the correction is finished. it could much complicated, gotta wait and see as price action develops. But either way, is a good for a bounce
just come across this ticker, its a nice chart. Just like any other crypto, need another low to finish off the zigzag correction
So are we done here? Or what in the world would need to happen for oil to reach the $100 mark?
Last short was fun, but now that I look on the weekly, I might have just paper handed by shorts.... This shit looks horrific on the weekly brrr, if it is true, the cycle has already been completed and we're bound for a long way down. Freaking hell, I'll look for a good spot to enter again.
WXY for the correction __________________________ ///////////////////////////
The correction could already done here at the golden zone. But im not too sure, maybe bouncing for wave 4 now? Tho still a good spot for a long. Im grabbing some here with tight stop, let the price action develops its structure and we'll see how it goes.
Triangle for the X wave RSI also forming a triangle a short set up here would have good R:R, just stop above the swing high
Perfect hit and bounce from the 1618 extension. So basically the impulse down is still valid.
these are the scenarios im thinking of posted on twitter too @EM_tradez
Still in the larger corrective move i believe _____________________________________
I think its a diagonal wave C on Bitcoin ______________________________________________
I like it if it can stay above the 0.786 line _______________________________________