Dear marketmaven1,
At first, thx for your post my friend.
Secondly, imo eth will not fall back too far. It is very unlikely that it reaches the 500$ region. It is more probable that it bounces at the 600$ mark if it goes down. But yeah it is unlikely that it reaches the 500$ mark but not impossible (I would say a chance of 15%).
But maybe I am talking nonsense because your ta looks good but yeah I just think that it does not tend to happen. I do not know.
We will see soon.
Yours truly,
Gandalf The White
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Thanks for your reaction. And yup we will see what happens next. But it has definitely to come down. You need to see this as a slingshot. How deeper the fall, how bigger the explosion ;)
You are welcome my friend.
Okay, I will mark your words. I mean if it really is an Abc correction then you are right with a drop but I have to admit that I am not the boss of ta; just knowing some stuff but need to improve that (especially the elliott waves). Yeah, that is true. ;D