Confluence from impulse wave 3 and fib retracement informs the position to go short with the following parameters.
Profit targets;
38%-0.005143
50%-0.005118
sell stop entry is at 0.005147 which would have been initial target 1 but is already invalidated.
stop loss just above the 23.6% level at 0.005192.
The ending impulse move has multiple divergences and further...
Weekly chart shows the momentum is angling for the wave 5 and the current high of 73k will be breached followed by pullback as prices sweep the liquidity in a corrective A-B-C pattern.
With respect to the bull anticipation for new highs, the next elliot wave will form quicker than the currently ending one. Price will once again breach the 73k and make support of...
