In the old days I charted a lot on the hourly timeframes. A lot of times the targets would play out nicely as long as you looked at the daily and forget about the noise that happens on the daily. The run up from 6.4k to 10k still seems incomplete to me and was expected to go higher than 10k. Since this wave up failed my assumption is that we get another ABC correction. I tried many things with the waves and this is 1 of the 2 scenario's that matches my calculations.
As you can see for wave B, the A & C are a perfect 1:1 hit.
Then for wave C I just did another 1:1 extension that ends up @ around $4900.
Don't look at the timeframe and waves since I have not calculated them.
Only the end goal is what I predicted.
As you can see for wave B, the A & C are a perfect 1:1 hit.
Then for wave C I just did another 1:1 extension that ends up @ around $4900.
Don't look at the timeframe and waves since I have not calculated them.
Only the end goal is what I predicted.
