All waves appropriately subdivide on lower TF's and as you can see, what looks like should be Wave3 doesn't make the 1:1 so Wave3 hits the 1.227 to the tick. Which means Wave5 should hit the median line of the 605 BB around $8,150 (green box) at the minimum IF it's a very short Wave5. If Wave5 is a 1:1 of Wave3 it will fall to the 2.227 fib ext (red box) at $7,067
The 605 BB has been an incredibly effective band on all TF's since....as far back as I can tell
The last time price fell below it on the 1 hour was Nov, 2018
Hope my count is wrong, cuz I don't wanna be right
But I'm pretty confident I am
On the bright side, more to buy cuz we all know where it's going and the moon is short-sided thinking IMO cuz we've already been there. Or have we?
The 605 BB has been an incredibly effective band on all TF's since....as far back as I can tell
The last time price fell below it on the 1 hour was Nov, 2018
Hope my count is wrong, cuz I don't wanna be right
But I'm pretty confident I am
On the bright side, more to buy cuz we all know where it's going and the moon is short-sided thinking IMO cuz we've already been there. Or have we?
Note
This count will remain valid unless we surpass $10,970Note
I wish we could edit updates.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.