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SUBETH - Primary wave 5 complete - major correction time?

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It looks like a Major wave has complete - with what appears to be primary wave 5 finishing up around 0.0014.
It's already begun correction, passing into wave 5-3 territory, so it seems unlikely to me that there were be another push up (unless it's part of a corrective wave B).
Seems more likely that we'll be entering an extended corrective period, as this should complete the whole super wave.
It landed at 0.0014 - my original prediction was 0.00139 to 0.00145 - so this worked out pretty well as far as analysis went.
My entry point prediction of 0.00121 failed however, as it didn't retrace as much as I thought it would, preferring to go up instead.

If you're still in SUB, I'd recommend setting an aggressive stoploss that fits your trading risk, as I have difficulty seeing this moving upwards in the near future. It will likely take a week to correct, or at least several days.
Not
This one is so far playing to expectations. It may continue to retrace, or hold here for a little while longer. Considering that there hasn't been a significant B wave worth noting, I think it may take more days to play out, and we'll see a short term rally before it's done correcting. Losing another 10-20% value is still very much on the table.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.