ETCUSD - 1-2 1-2: more correction or imminent wave3 of 3 coming?
Hello traders and investors,
If we still consider the idea of a 1-2 1-2, and we keep a bullish long term sentiment on this pair, we could consider last week deep impulse (someone called it the liquidation spike) as part of wave 2 correction. In particular, a-b-c flat regular. with wave C ending at 61.8% of wave minute green degree.... (what a coincidence?).
I think we still need to see a clear bullish impulse that resumes the main trend (which I call wave 3 minutes of wave 3 minor of wave 3 intermediate).
Know, we can discuss the wave degrees, but something very clear to me is: I keep my ETC in my portfolio!!!
Thanks for reading and your appreciation for the recent analysis.
If we still consider the idea of a 1-2 1-2, and we keep a bullish long term sentiment on this pair, we could consider last week deep impulse (someone called it the liquidation spike) as part of wave 2 correction. In particular, a-b-c flat regular. with wave C ending at 61.8% of wave minute green degree.... (what a coincidence?).
I think we still need to see a clear bullish impulse that resumes the main trend (which I call wave 3 minutes of wave 3 minor of wave 3 intermediate).
Know, we can discuss the wave degrees, but something very clear to me is: I keep my ETC in my portfolio!!!
Thanks for reading and your appreciation for the recent analysis.
