Its been a while since I have posted anything. I am very interested in Major correction in stock indexes since I believe that the blockchain is here to change the game. Current chart in my opinion is representing the final 5th wave of the bull market. I am using fibs and Elliot rules to navigate in the price action.
1. I find we have 4th wave in the making which could have C leg down coming and could be counted as running flat or expanded flat correction.
2. It is possible that we are finishing the 5th wave and the big BEAR is up on us. I think its less likely according to TA.
Conclusion:
Eather way it is very good edge to short the market at these prices and have multiple positions so its possible to take profit and have position still on.
I also believe that we are likely to see all time high this year at 3000.0 which is 1.27 extension of 0-3rd wave.
Happy Easter Everybody!
1. I find we have 4th wave in the making which could have C leg down coming and could be counted as running flat or expanded flat correction.
2. It is possible that we are finishing the 5th wave and the big BEAR is up on us. I think its less likely according to TA.
Conclusion:
Eather way it is very good edge to short the market at these prices and have multiple positions so its possible to take profit and have position still on.
I also believe that we are likely to see all time high this year at 3000.0 which is 1.27 extension of 0-3rd wave.
Happy Easter Everybody!
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Here is Gartley pattern for to Enter the trade using SELL LIMIT ORDER