This is my current count. Bear Bias for the moment. Reasoning: We have diminishing volume and OBV has stalled since mid May and is currently divergent.
Not on my chart: Wave B over extended Wave A @ 1.236 ratio. I expect to see sub 8000 before we see 10k. 8400 is a short term target.
This is the bear scenario. If you have a bull scenario, feel free to input your own comments.
Cheers!
How do you rate this article?
0
Dedicated to Technical Analysis. Using EMA, Fibonacci and Elliot Wave mainly.
Reward the author with $0.01 in crypto, and earn yourself as you read!
% to author / 80% to me.
20 hours ago
1 minute read
17 hours ago
2 minute read
Page not displaying correctly?
