derderwest

subwaves-4H Short locations or Long TP - EW(BEAR)

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derderwest Uppdaterad   
BYBIT:BTCUSD   None
Here are the potential subwaves of the red C wave
Kommentera:
We have potentially found the top of wave 5 (blue) and the Top of Cwave (red)

Im still expecting the price to reach the 161 extension for the C wave

if the price goes pasted the 161% then the ABC will be invalidated
Kommentera:
Also if this is the top then the larger wave 2 would of retraced 0.38 which is a good level but

for waves 2's i usually expect it too be between the 0.38 and 0.5 that lines up will the 161% for the C wave.


As soon as this C wave is finished we will be starting a larger C to the downside
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