Retrace wave 2 was very shallow and in contrast (like textbook) number 4 was sharp. How far number 5 (third impulse) will go... we'll see..
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as long as it stays above 3800 (the top of wave 1) the idea stays valid want to see a double or higher top - $ 4283 or more
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Candle-wise we're still (just) good, wick-wise (or under 1hr timeframe) it would be invalidated. But since it seems to try to get up again, i give it the advantage of reasonable doubt for now
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or the benefit of the doubt..(wink)
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Hang in there kitty .. Not quite there yet ... One more push ...
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well .. it failed to get past 4160 @ 16-21 march Elliot-waves are a nice captain hindsight indicator, hard to predict - easy to spot after .. since the timeframe is getting to large imo (wave4 too big for my taste) for a retry to breach the feb.24 high (which was really ugly -thin) i'll take it we have started C corrective wave already. should get us around 36-3700 area (bitfinex)
it could of course still jump up but it looks to me as if we are about to draw a lot of lower-lows
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Seems to be trying to get wave 5 after all
Double top or is it going to go for the 4500-4800 ?