bear scenario - extended wave 3 count - more downside?

16 ก.ย. 2023

in this bear scenario I'm counting wave 3 as extended, therefore another move down in wave 5 could drive the price into a very key zone.
in addition to this, the low made during the flash-crash on the 17 of August it's very different from an exchange to another, this increase the probability for this scenario to play out.

I would like to hear your thoughts, feel free to leave a comment down below.

no financial advice, just sharing my ideas

18 ก.ย. 2023

บันทึกช่วยจำ

This bear scenario it’s playing out right now, the zone to grab liquidity was respected and reacted as resistance;
not sure if the move up already ended or one more move up tasting 27500/28000 usd is on the table.
Will see between tomorrow and Wednesday how the market react to FED’s speech.

This scenario in my opinion will be invalidated if price close above 28200/28300 usd, only time will tell.

No financial advice ; just sharing my own ideas based on Elliot wave principles. Stay around to see how it goes