We are in a c-wave of an Elliott flat pattern or Elliott triangle.
Optimistically, the price depth of this wave could be around (28000 $).
If this level can not support further price declines, the next valid support level will be in the range of (12000 $) but Wave c is not necessarily going to end on the next valid level, it may end on the Current level or the next intermediate levels (20000 $). The time allowed to complete c-wave is a maximum of 7-9 months, and Minimum of 3 months, of which we are in the second month.
The chart is not in linear display mode. You are viewing the price based on cash data at defined intervals, which is used in the NEoWave method.
Optimistically, the price depth of this wave could be around (28000 $).
If this level can not support further price declines, the next valid support level will be in the range of (12000 $) but Wave c is not necessarily going to end on the next valid level, it may end on the Current level or the next intermediate levels (20000 $). The time allowed to complete c-wave is a maximum of 7-9 months, and Minimum of 3 months, of which we are in the second month.
The chart is not in linear display mode. You are viewing the price based on cash data at defined intervals, which is used in the NEoWave method.
