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/biz/ - Business & Finance

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7797901 No.7797901 [Reply] [Original]

This is quite speculative, but what does /biz/ think about this?

I think we're on the 5th line and I think we are headed for an ABC correction. You can see a clear rising wedge on this chart which suggests a trend reversal into a bearish market soon, and I think this reversal will come when we hit the high trend line from pre-20k (dark green), after which we'll do an ABC correction.

Dark green lines - High and low trend lines from pre-20k
Purple horizontal lines - Expected resistance lines
Descending red line - Downward trend line from 20k
Purple price range - Approximation of resistance, can't determine exactly but I'm pretty sure around that area will be it

Thoughts?

>> No.7797944

>>7797901
12k>9.5k>17k?

>> No.7798016

>>7797944

Thinking we'll go sideways at 9-10k for a bit until we hit the downtrend on March 5th, then we'll see what happens.

Definitely think we'll do 12k->9.5k though.

>> No.7798103

>>7797901
elliot waves are retarded. Literally use any other TA.

>> No.7798164
File: 498 KB, 300x222, C6C69FDB-0892-4937-AFB1-DA5EC2A60092.gif [View same] [iqdb] [saucenao] [google]
7798164

>>7797901
YOOOOOOOOOOOOOOOUU WIIIIIIIIIIIIIIIISH

>u wish bro

>> No.7798178

>>7798103
Elliot rodgers died to prove his waves.
Have some respect.

>> No.7798206

>>7798103
They are only retarded when people draw doodles without a basis.