Post
Topic
Board Speculation
Re: Wall Observer - MtGoxUSD wall movement tracker - Hardcore
by
Tzupy
on 22/08/2013, 15:40:31 UTC
IMO the bull party is over. What can be seen in the charts is the topmost Elliot sub-wave, with it's 5 sub-sub-waves, although the last one is about to begin,
and may be ill defined. I am certain that a correction is coming, dropping the price to the 112 - 114 range, followed by a (slow?) rebound to maybe 117 - 118.
The uber-bulls are going to interpret this as a bear trap, but I believe it will be the prelude to more drops, after a couple of days.