The 5-th wave is finishing. What’s next ?

As we were discussing on these pages the last week or so, the goal for this 5-th wave was slightly above 0.024. Now, after we reached this level the question comes: what is the next?

First, let us check once again the current 5 waves advanceMidTerm

The wave 4 looks big when compared to the wave 2, right? But as author said in one of the earlier post, he saw already some examples in the past, where the wave 4 was long and boring. Besides, the price stopped right in the area of the previuos wave 4 (see the next chart from the 2-d of Mai and read the text here):ETHBTC-ShortTerm

So, one can say, everything went exactly according to the plan and the author should feel happy.

Yes, he partially does feel satisfied and happy, after making this quite complicated call. Though during the process the author was a bit early, calling for the start of this wave 5.

But now it belongs to the past and the author need to keep moving and delivering nice content to the subscribers, which number is constantly rising.

Let us switch to the shorter time-frame. It all comes down to how was the wave 1 formed. If we had a leading wedge, then the wave is most likely over:ShortTerm-1

If the wave 1, however, was formed in a different way, then we need another high:ShortTerm-2

As usual it’s better to give the market some time to reveal its plans.

The good news is, the weather isn’t that good anymore in Germany (right now it’s raining and thundering outside), so it’s very likely the author will have time to publish updates over the weekend.

In case you in a better place now, enjoy the late spring, otherwise join the author virtually and let’s wait for a change. Everything is changing =)

Take care.

The Elliott Wave Principle describes the behaviour of the financial markets. This Principle is build on the mass psychology swings from pessimism to optimism and back in a natural sequence. When these swings happen, the specific Elliott wave patterns in price movements are created and become visible. Each pattern has implications regarding the position of the market within its overall progression, past, present and future.
The purpose of our blog posts is to outline the progress of markets in terms of the Elliott Wave Principle.
While a course of conduct regarding investments can be formulated from such application of the Wave Principle, at no time will my posts make specific recommendations for any specific person, and at no time may a reader or viewer be justified in inferring that any such advice is intended.
Very important. Investing carries risk of losses. You should be aware of all the risks associated with investing/trading financial instruments. Information provided in this blog is expressed in good faith, but it is not guaranteed.
The market service that never makes mistakes does not exist. Long-term success trading or investing in the markets demands recognition of the fact that error and uncertainty are part of any effort to assess future probabilities.
This blog and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.
In no event will we be liable for any loss or damage on your account in connection with the use of our publications.

Author: Ravno_108

Sentiment wave rider. Product creator. Yogi

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