Take 5 minutes to understand this chart.
We are very likely in a weekly early stage 4th wave in the context of a monthly bull cycle.
On the left (4h chart) you can compare the lesser (daily) degree impulse's constituing 4th wave and a projection of what this bigger also 4th wave correction would look like if it were a simple zig zag.
On the right (D) it's shown a clear RSI buy signal also with MACD divergence. Fib time projections would suggest that we keep correcting AT LEAST until 20/10/2021.
The correction is almost always more complex than what one expects - however - with a good perspective and some helpfull indicators like MACD and RSI one can extrapolate local pivots that can point to the ending and beggining of new waves.
We are very likely in a weekly early stage 4th wave in the context of a monthly bull cycle.
On the left (4h chart) you can compare the lesser (daily) degree impulse's constituing 4th wave and a projection of what this bigger also 4th wave correction would look like if it were a simple zig zag.
On the right (D) it's shown a clear RSI buy signal also with MACD divergence. Fib time projections would suggest that we keep correcting AT LEAST until 20/10/2021.
The correction is almost always more complex than what one expects - however - with a good perspective and some helpfull indicators like MACD and RSI one can extrapolate local pivots that can point to the ending and beggining of new waves.