ETH has formed the first leg of the correction. One more to come

in the50 •  8 years ago  (edited)

eth.png

After the first corrective wave down, there almost always follows a second wave down unless the C wave failed. A failed C wave is possible but kinda rare.

This is why I expect to see a bulltrap in ETH followed by a second wave down.

I only think in waves and patterns when i see a chart. You might think this to be crazy, but i honestly don't really care, because it has earned me some nice profits in the past. EW can't predict the future, but it gives me a really good indication when the correction might be over. I don't see that to be the case for ETH yet.

I provide Trading ideas using EW and Pattern analysis. I am not responsible for any of your losses. Please trade responsibly.

Tell me what you think...

Have a nice day :-)

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I like it seems like a good call.

Interesting post, thanks! Following for more good content

i will deliver^^. But i do not make a tradingpost everyday because my setups take time to form, and i am not trading every market

You received a 3.00 upvote from @worldclassplayer

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