As a follow up to my recent post i decided to get into a bit more detail about specific landing zones in my primary count, which has the potential to be a very large unconfirmed " Bear Flag " .
As predicted earlier today, we are heading towards our first landing zone for our Third wave.
Anywhere between the $9,800 - $10,000 range was what i was expecting, however volume is looking a bit iffy and i feel breaking 10k at the moment may be a huge ask.
Here are my predicted wave landing zones for the rest of this "Flag", they may be subjected to change as time goes on and we see different chart patterns evolve. Also would like to note i am focusing on prices primarily and not really looking into the time aspect of things, anyway here they are :
WAVE THREE: Between $9,800 & 10,000
WAVE FOUR: Between $9,100 & 9,500
WAVE FIVE: Between $10,500 & 10,800 (with a possible test of 11k)
This however will only play out if all supports and resistances hold perfectly, my main concern is the 8.8-9k support line, as if this does not hold when we retrace in wave 4, this count may be trashed and we may see price free fall downwards.
Hopefully i am semi accurate with these zones so some of us can see some juicy gainz. I will continue to refer to this count over the next few posts to touch on any adjustments or if it is no longer valid. Best of Luck!
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!!
This is a good post, followed you so keep them coming.
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Cheers legend, forever trying my best!
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