Down to 40k-41k now.
We entered into the phase 4 buy zone.
However, it could go down a bit more.
If it break below 38-39k, the wave B will be cancelled and we may revisit the 25-30k low.
We entered into the phase 4 buy zone.
However, it could go down a bit more.
If it break below 38-39k, the wave B will be cancelled and we may revisit the 25-30k low.
Phase 5 is ongoing
The resistance is 52-53k. If we pierce it, we will meet new highs.
So that small prediction is over and done: we broke 52-53k for a straight push to 78k
I think we are entering into a new cycle. We may have some ascending triangle forming, but I don't know at this state.
@Mallynx, what tool do you use to apply your Elliot Wave drawings? Just a drawing tool, or some software or website? I just read up on Elliot Wave theory on your recommendation, and it seems awesome. Want to start playing around with it
