if we dont exceed $4051 how low do you think it might drop ? (wondering where to set ladders) also will that then be wave IV finshed and wave V start for the big uptrend ?
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if we dont exceed $4051 how low do you think it might drop ? (wondering where to set ladders) also will that then be wave IV finshed and wave V start for the big uptrend ?
I am already short 1 position. Maybe in 2 hours we have confirmation of a high in place.
Yes this is still part of big wave 4 if it drops hard soon.
What price would you enter to go long ? I guess I'm asking in wave IV bottom isn't in where is it most likely to be ?
Cheers
No target foreseeable yet. My guess is 2500
that would be a nice entry point !
Looking ahead here- but after wave 5 top will does it always retrace back the beginning of wave 4 ?
Have you seen any scenarios where it doesn't ?
Thanks
This is what heajin says. He has more experience than me. I have not investigated this pattern but I hold heajin in high esteem.
I've seen this somewhere also . Basically it corrects to the start of wave 4 ...which we should know , but to go from 5k or higher to few hundred is just plain crazy ...IDK but we will find out ..