- #3,022
- Apr 17, 2014 6:47am Apr 17, 2014 6:47am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Going to plan so far.......
Money Makes Money
- #3,024
- Apr 17, 2014 7:04am Apr 17, 2014 7:04am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
{quote} nice! i like how this thread has multidisciplinary approach to tradiing yet we all sort of get the direction right...
Money Makes Money
- #3,026
- Apr 17, 2014 8:18am Apr 17, 2014 8:18am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
{image} look at the waves.. they are all over lapping and choppy. it is a correction and not the start of new trend
4
Money Makes Money
- #3,030
- Apr 17, 2014 8:47am Apr 17, 2014 8:47am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Money Makes Money
- #3,031
- Apr 17, 2014 8:51am Apr 17, 2014 8:51am
- | Commercial User | Joined Sep 2013 | 2,500 Posts
Money Makes Money
- #3,035
- Apr 17, 2014 11:49am Apr 17, 2014 11:49am
{quote} Morning y'allLook like your wish is coming true
its very stubborn wave! it sure is taking it's time
- #3,036
- Apr 17, 2014 12:20pm Apr 17, 2014 12:20pm
Yes, stubborn as a four
Here is my potential targets for wave 5, on BTC-e they are mostly between the 600 to 635 area.
Wave 1 targeted the fib 0.382 of the previous wave down, wave 3 targeted above the fib 0.5, wave 5 should be in the 0.764 area.
Around which their was a previous resistance line at 635. And support at 600
Since neither wave 1 nor 3 extended, in case wave 5 extend, I drew the potential trend channel from the bottom of 1 thru 4 and the parallel on top of 3. It's only a guide line but 1.6 fib from top of wave 1 to top of wave 3 also end in the area. Then the target would be between 615 and 635.
On the other hand if wave 5=wave 1, then it would be 600.
Last note, I also have 475 for the bottom the last wave of wave 4.
http://i.imgur.com/BZgvRiR.png
Here is my potential targets for wave 5, on BTC-e they are mostly between the 600 to 635 area.
Wave 1 targeted the fib 0.382 of the previous wave down, wave 3 targeted above the fib 0.5, wave 5 should be in the 0.764 area.
Around which their was a previous resistance line at 635. And support at 600
Since neither wave 1 nor 3 extended, in case wave 5 extend, I drew the potential trend channel from the bottom of 1 thru 4 and the parallel on top of 3. It's only a guide line but 1.6 fib from top of wave 1 to top of wave 3 also end in the area. Then the target would be between 615 and 635.
On the other hand if wave 5=wave 1, then it would be 600.
Last note, I also have 475 for the bottom the last wave of wave 4.
http://i.imgur.com/BZgvRiR.png
- #3,039
- Apr 17, 2014 5:23pm Apr 17, 2014 5:23pm
- | Commercial User | Joined Sep 2013 | 2,500 Posts
"Mornin' All. Wave 4 STILL in progress. Ugly SOB.......Sitting at the Daily pivot which is a good sign. Should go down from here.
I'm still getting 445.
Warning, Warning. This ugly retrace has the potential to back as far as 510. The previous retrace went back 74%. This one has only got to 38% so far.....Doing so would turn this ugly duckling into a beautiful swan ABC...........
I'm still getting 445.
Warning, Warning. This ugly retrace has the potential to back as far as 510. The previous retrace went back 74%. This one has only got to 38% so far.....Doing so would turn this ugly duckling into a beautiful swan ABC...........
Money Makes Money
