BCHUSD $1881 SHORT TERM! Elliot Wave Analysis

Tried to make this one as quickly as possible seeing that it's about to moon

BULLISH INDICATORS
-Strong volume on breakout of consolidation (bullish pennant). Shows continatuion of bullish trend

Commentaire:

Not sure why my description didn't save. I published the idea as quickly as I could see that it could take off very quickly. Anyway, here's the real description.

BULLISH INDICATORS
-Strong volume on the breakout of consolidation. Shows continuation of the bullish trend.
-Bullish MACD divergence on many candle lengths
-RSI not showing weakness

PLEASE NOTE THAT IF W3 DOESN'T PEAK AT 1:1 EXTENSION OF W1-2 THEN LEG 4-5 NUMBERS ARE VOID!

Commentaire:

Mistake spotted - accidentally said that the second price target was a 2.618 extension when it's a 1.618 extension. My bad