Hello fellow traders,
BCC just completed a perfect 1:1 ABC zig zag 4th wave correction down to 0.152, a confluence with the 100 hour MA in red. With this wave’s third wave being 3 times the size of 1, we can expect the fifth wave to terminate at the 5x expansion of wave 1 at 0.183. Currently we have indecision Heikin Ashi candles. We're looking for a green candle that closes above the 10 EMA for soft confirmation.
Solid confirmation above 0.158
Invalidated below 0.150, in which case we would be heading towards the 0.133 support which would make this a greater 1:1 ABC correction
Stay safe and always trade after confirmation
*For education purpose only, not a recommendation of buy, sell, or hold*
Kinashi-San
BCC just completed a perfect 1:1 ABC zig zag 4th wave correction down to 0.152, a confluence with the 100 hour MA in red. With this wave’s third wave being 3 times the size of 1, we can expect the fifth wave to terminate at the 5x expansion of wave 1 at 0.183. Currently we have indecision Heikin Ashi candles. We're looking for a green candle that closes above the 10 EMA for soft confirmation.
Solid confirmation above 0.158
Invalidated below 0.150, in which case we would be heading towards the 0.133 support which would make this a greater 1:1 ABC correction
Stay safe and always trade after confirmation
*For education purpose only, not a recommendation of buy, sell, or hold*
Kinashi-San
评论:
Long term goals for BCC
评论:
The first 2 waves are here, somewhat validating our idea