1. Wave C is typically at least as big as Wave A. Our Wave C target invalidates our Elliott Waves.
2. Bearish Flag target is determined by taking the flag pole length and using it as the exit length.
I think Wave C will help us exit the bearish flag, allowing us to start the drop to our bearish flag target.
Not financial advice. This is just what I see.
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2. Bearish Flag target is determined by taking the flag pole length and using it as the exit length.
I think Wave C will help us exit the bearish flag, allowing us to start the drop to our bearish flag target.
Not financial advice. This is just what I see.
Feel free to follow me on Twitter.
There's typically a 6 count in a bearish flag , which inclines me into thinking it could hit $10,000 before the drop. But there's also a bearish flag within the flag that is also about to have a 6 count.