Abc almsot complete, waiting for it on all time frames. If price drops form here we will see price on larger time frame reject from the 61.8%, perfect for wave 2 completion. WAVE 3 incoming. BIG MOVES.
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Look on the larger time frame. You will see sharp moves like this as a release mechanism for the continuation of the trend, like pulling your bow and releasing the arrow. A behaviour of sharp ABC corrections.
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Seeing momentum divergence on all time frames. Will follow with a price reveral.
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4 hour: Daily:
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Need to analyse properly but did a rough one a while back (didn't need to worry so much about it now) But i see a long term short to $800-$1000 levels.
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Read over this for a more ful picture analysis. If you liked this analysis, please LIKE and FOLLOW <3 thank you my fellow traders :)
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All the best to everyone!
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IF price comes back up to test, look for a double tap and re-enter (if you got stopped out). Note: Might even do a 3rd tap so be wary of that. I must leave the hosue but i'll try to keep tabs. So much to do today! XD Good luck guys!