I have a weird looking count that says the bottom could be in. You read it here first...
I am not too enthusiastic about it yet, but it is good to know that there is at least a count that would allow for a bottom.
Maybe this is wishful thinking, but I double checked every wave, it is valid!
The good thing is that it does not look like a typical bottom, so a lot of people will not even consider this the bottom... which increases the probability that it actually is...
BULLWICK on top of the trendline (retested in the weekly chart).
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If you think this to be useful information:
Feel free to use and share my charts, but please mention me, @ew-and-patterns as the author. Otherwise it is considered plagiarism and I will flag you and advise my friends to do the same.
Please consider leaving a comment, like or resteem, if this post entertained you or helped you see things differently...
Have a nice day :-)
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I expect 7000-6850 before we go up again in wave 3.
Yeah your count spells W for winner! Resteeming!
Could be in or not could be in :D
Let's wait and see. If it is, I expect 8800 by the the end of the year.
My count is somewhat similar, that is without the triangle, which is a very ugly one. I've put the red B on top of the orange c, making that a failed zigzag B wave; which is ugly too, I know. However, it does look very impulsive up now, which, of course, is promising. Massive support in the 6500$ range from several angles.
Yeah but you can't make the C work when you do it like this. I tried that like 200 times :D
And the ugliness actually speaks for the triangle B. (If it's very ugly consider triangles or WXY combinations)
That may be. Good points! Fortunately, in the end, it doesn't matter that much: just another stupid correction. Let's hope we're finally done with that.
Exactly!
Because if this is some kind of bigger B wave, we will hit 5500 in a few weeks...
Spot on here, maybe we hit somewhere between the price now and 8k then down to at least 5900, maybe 5500 then we bottom.
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