If hourly closes below 0.24 (spring-like shakeout) without a quick close above the support line from the bulls means it is not a spring but a sign of weakness and could further head down to 0.17 area. But I am rooting for a long position since it has not seen a lower low for 21 hours now. Average generation of lower low is 13 hours. Sellers are exhausted and supply absorption could already be happening.
Comentário
looks like the bottom is in. SOS seen early as expected.
Comentário
Dump must not close below the top of support of wave 1 from an elliot wave perspective. So this could be wave C of whole 5 waves of a bigger wave 1. Wave 3 will be epic if it plays out.
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.