All right folk.
The wave iv has made one more perfect match with the idea posted on Friday, and we see now, that $8 000 is crossed.
Monitoring the volume is very important now. I do not see any strong resistance level between $8 000 and $6 000, but there is a lot of neutral players waiting for opening the bullish positions. Recently we have seen the long (over $1 000) green 4h candles - that's how bulls used to correct the falls.
The C wave is ending. There are 2 options for the next pattern, end both are fine to make a bullish trade:
- Impulse
- A-B-C for double zigzag.
There is also an alternative of the extended 5 wave scenario.
Coming back with the new updates soon.
Good luck!