The chart seems to be keeping to the Elliot waves. Could be the start of wave 3 if these levels hold. What do other people think?
Elliot wave theory:
1.Wave 2 never moves beyond the start of wave 1;
2.Wave 3 is never the shortest wave;
3.Wave 4 never enters the price territory of wave
Typically:
Wave 2 is typically 50%, 61.8%, 78.6%, or 88.2% of wave 1
Wave 3 is typically 161.8% of wave 1
Wave 4 is typically 14.6%, 23.6%, or
38.2% of wave 3
Wave 5 is typically:
-inverse 1.236 – 1.618% of wave 4,
-equal to wave 1 or
-61.8% of wave 1+3
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16 | 18439999 | 0.012 |
11 | 9872565 | 0.011 |
3 | 2150000 | 0.010 |
9 | 5762533 | 0.009 |
Price($) | Vol. | No. |
---|---|---|
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0.015 | 5429632 | 13 |
0.016 | 8786456 | 8 |
0.017 | 3063079 | 4 |
0.018 | 1104332 | 3 |
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