It turns out the whole move down was Wave 1.
Wave v was extended because of Silvergate.
This is why this correction is so deep.
At small degree price has come to a halt because Wave (C) of Wave 5 is a Weak 5-Wave move.
Watch for a reversal a .618.
I will post an update once it reverses.
Confirmation of a reversal when we break below 21,748.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
Wave v was extended because of Silvergate.
This is why this correction is so deep.
At small degree price has come to a halt because Wave (C) of Wave 5 is a Weak 5-Wave move.
Watch for a reversal a .618.
I will post an update once it reverses.
Confirmation of a reversal when we break below 21,748.
Remember to use Disciplined Money Management Principles to ensure longevity as a trader.
If you don't know the long term pattern shouldn't you be doing your research instead of just following the crowd?
Just remember: I am not a financial adviser; I suggest using this only as a guide. Always do your own research.
***AriasWave is not the same as Elliott Wave so your counts may differ to mine if you happen to use it.***
