SUMMARY
ETH is still completing its a,b,c,d,e triangle correction pattern. Below are two charts. Which one do you think is ETH? The fact is it doesn't matter. The pattern is the fundamental point. A correction is a correction which is a requisite following a five wave impulse move. Therefore, I had indicated that best entry point is at the terminal end of an a,b,c correction. For an a,b,c,d,e triangle, at what point would be the best time to start a buy ladder? The start of the wave a? Or the start of wave c? Maybe the start of wave e!
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Alright, I try: looking at the chart right now, I would be tempted to say the better time was at the wave (A), but obviously no one is able to predict the future, and at this point it was still unsure the correction wouldn't have been an ABC lowering the price further, am I mistaken ?
If this is the case, laddering from wave (A), with some entries at much lower price, so when the ABCDE triangle is confirmed, there is still founds from untriggered buy order that can be used for a new ladder at wave (E).
But starting only from wave (E) could perhaps be seen as better because less risky, more predictable, as we are now quite sure the correction is finished
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There are 36 possible Elliott Wave corrective combinations. So, about 2% of getting it right on first try.
However, forward discernment is a skill that can grow and one can make calls like to describe...but very painful if wrong.
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So better to stay on the sideline as long as possible until what appears to be the last corrective wave ?
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In my opinion, I would
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There are 36 possible Elliott Wave corrective combinations. So, about 2% of getting it right on first try.
However, forward discernment is a skill that can grow and one can make calls like to describe...but very painful if wrong.
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There are 36 possible Elliott Wave corrective combinations. So, about 2% of getting it right on first try.
However, forward discernment is a skill that can grow and one can make calls like to describe...but very painful if wrong.
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thanks for post. What would be the target price?
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Don't care I guess if the chart rebounds on the trend inferior line, isn't it
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Are you using elliot waves for these charts?
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Yes he is, strictly EW and chart pattern recognition. No fundamentals.
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It looks like VTC is about to form a cup and handle with bull flag down. What do you think @haejin?
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Same target $9.27
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Can you do NEO/USD? It's been a wile. Thank you so much!
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Here is the NEO analysis, please use only to augment your due diligence.
https://steemit.com/bitcoin/@haejin/neo-finished-wave-1-and-now-almost-done-wave-2-which-wave-is-next
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Hi @haejin, if one were to put ladder entries on wave D, would that not be a good place? Since you didn't know at that point what type of correction you were in. With 36 possibilities at hand that looks like the safest. But please enlighten me.
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Sure.
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hello @haejin,
your drawn line is my red line right? What do you think of the yellow support line?
We could see a last leg down to approximately 250... possible?
https://www.tradingview.com/x/CQYMQ3eW/
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