Rick

THE $fartcoin Elliot Wave Trader

[Rick @Rick9942]

New $Fartcoin Macro Thesis.
Giga regular flat targeting .475+

[Rick @Rick9942]

@EZRtrades Bad call mate. The entire move wil not getting retraced and .2211 will be broken

[Rick @Rick9942]

$Fartcoin Starting to entertain this being the Y Wave bottom. Will wait at .1489 and decide there. Beak .1531 and bottom is in.

[Rick @Rick9942]

$Fartcoin This took all day to figure out. My full count I’m following that resolves all issues I had with price action.

WXY Down, we are in Wave 4 of C of Y.

.1489 TP long and flip short for Wave 5
Short Target: .1180-.1271

[Rick @Rick9942]

@Akky6767 lol .1489 I meant as TP flip short as the confluence number not .1392

[Rick @Rick9942]

$Fartcoin Need to share this count as its seems more likely now. Rejecting .1465 area means this is Wave 4 and we have Wave 5 down still. I will look to play this.

Wave 5 target would be .1197

[Rick @Rick9942]

@Akky6767 This lows 1.618 now hits right at the .382 from my counts wave 2 down to this .1354 wave 3 bottom. Perfect place for a wave 4 to terminate, both line up.

[Rick @Rick9942]

@Akky6767 .1492 new TP flip short

[Rick @Rick9942]

@Akky6767 Yes that’s my minimum. I will TP there and short

[Rick @Rick9942]

@Akky6767 Still long but might close at .1466 and go short

[Rick @Rick9942]

@Akky6767 Wide stop here to .130. Most obvious confirmation is .1465 reclaim

[Rick @Rick9942]

$Fartcoin Should have taken this more seriously. My original Wave 2 target was below .12 and I got baited by the B wave up off .1532 A wave low thinking that was the full ABC.

Of course in hindsight this was the most obvious ABC up. I counted this as a nested 1-2

[Rick @Rick9942]

@Akky6767 No I don’t. My short hit TP I’m long now

[Rick @Rick9942]

When we were moving sideways for that long correction off .1876 I did start to realize the ABC but when what turned out to be a leading diagnol from ,1876 I counted WXYXZ which invalidates the bearish count. Of course that was wrong and it was really a leading diagnol

[Rick @Rick9942]

Even when we were going up it still didn’t make sense to me how .1532 was the Wave 2 bottom. In Elliot wave, post an expanding diagnol(.0995-.2211) calls for a deep retrace of the move, typically below the Wave 5 start (.1179) I had been calling for sub .12 weeks ago and stopped

[Rick @Rick9942]

@danny_coin That’s all narrative. At the end of the day the ABC correction completed and the C wave dump was set to start even if no news came out. This was going to happen anyway.

The count still predicted it, I was just not reading it right

[Rick @Rick9942]

@Akky6767 This is still valid. I posted some updates

[Rick @Rick9942]

$Fartcoin Just going to drop this here… Check back in a couple of days

[Rick @Rick9942]

@djsweihk That trendline is a bait. It was part of Macro 1s expanding diagnol, that was its purpose. Now that Macro 1 completed and we are in Macro 2 it’s a seperate structure. Price will play around it to bait longs then dump on it

The move from .0995 to .2211 was the full wave 1

[Rick @Rick9942]

$Fartcoin Short

TP: .1350