OMG/USD
Testing/tracking elliot wave theory. Please do not trade off idea without S/L. Not financial advice.
Link to previous chart:
If you press play on the previous chart, you'll see that my wave count is off. The 5th wave hit way sooner than my predicted area, it's right above the wave (3) top. We've gone below the .238 fib line and currently we're sitting right above it. On this chart you'll also see that our previous wave (4) has entered way into territory of 1. It is actually quite near the retracement of wave (2) so when I make my predictions on some of these charts I try not to enter the territory of wave (1), however it's crypto and anything goes, as you can see. As long as wave (4) retracement's do not go below wave (2) the counts are still valid. We are now at the accumulation zone and should be going up for the wave (3) impulse soon. Wave (2) of this bottom is near, technically we can still go down to 0.60 and this chart is still valid.
Link to previous chart:
If you press play on the previous chart, you'll see that my wave count is off. The 5th wave hit way sooner than my predicted area, it's right above the wave (3) top. We've gone below the .238 fib line and currently we're sitting right above it. On this chart you'll also see that our previous wave (4) has entered way into territory of 1. It is actually quite near the retracement of wave (2) so when I make my predictions on some of these charts I try not to enter the territory of wave (1), however it's crypto and anything goes, as you can see. As long as wave (4) retracement's do not go below wave (2) the counts are still valid. We are now at the accumulation zone and should be going up for the wave (3) impulse soon. Wave (2) of this bottom is near, technically we can still go down to 0.60 and this chart is still valid.
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