I've predicted this path for the head of the second shoulder based on previous trends and patterns. Therefore I've come to the thought that this all is just the (B-Wave up) and a part of a big ABC correction following up on our 5 wave up. (which was A) After hitting this target we should be seeing a sharp C wave finishing up this shoulder pattern nicely.
Like all my other TA, it's all based on trendiness ,fibonacci and Elliot wave theory.
If you don't know --> check out my other idea
Please let me know what you think.
Bye now
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Buy zone has been reached, bears are giving all they have to defend.
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Bounce baby
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Volume is going up which is good, MACD looking to crossover soon.
--> Last of the bears are being eradicated, once they're destroyed expected a parabolic move up A.K.A, moon ;) which is ==> (TARGET 8920-9050)
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MAC-D is making me HAP-P
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Bears are slowly giving up =D
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LAST Defense line for BEARS is being fought, hold on!
hmm this war for PRICE(8675) shows that the bears aren't giving up that easily, the fifth wave probably isn't gonna go far guys. Take profits in time!
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MAC-D on 15mins looking to snap UP
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If I'm right, we're about to go up SOON.
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This is our second scenario.
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As of now, I'm leaning more towards the second scenario.
this was an ABC correction. Interested in seeing what happens once we reach point C.
I'll keep this post updated
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IF this count Is correct then a new buy zone has been established. 8550. I still think there's a fifth final wave on our way.
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Fifth wave --> 9K target
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THIS.
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Second scenario was right, sorry guys I'm still learning. Made a little mistake but we should be on our way to target now =D
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Fairly confident in that we will reach this target!