YEOW!!
Called it two days ago.. and instead of the retracement occurring yesterday or overnight to complete the left shoulder instead we seemed to just create some funny shape and break the neckline.
Was very confident on the count , but wanted feedback in case i was wrong, so posted it as a comment to @haejin's most recent post at the time, where he then included it into his now most recent BTC update, meaning most likely the count is correct!
However as we can now draw this neckline differently to fit the shoulder correctly, my new target sits around $10,168.
If this is to set off a big wave upwards we may also see another Inverted H&S set off!
IF in the longer term this is to play out, the Larger inverted H&S has the potential to send us to $12,799. Lets not think that far ahead for now and firstly see if our Smaller Inverted H&S target will be hit. But good to stay aware!
Heres my chart with possible landing zones:
In the shorter term i believe we are still in A wave looking to correct to B Wave Shortly.
(within our 3rd wave up)
The landing zones for this are now altered as we have impulsed for a while now and RSI is looking pretty overbought.
I am hoping this correction wave doesn't go back underneath the neckline at $8,741 .
But if it does here are bounce regions.
PRIMARY REGION: 8,741 - $8,150
Bounces may occur at : $8,642 & $8,373
Lets see how we go!!
Legal Disclaimer: I have no idea what I'm doing and I'm not telling you to follow me or make investments based on this information, this is just my thoughts and ideas and what ill be following. Happy Trading!!