Users: sandunes: slopechart_$ETH.jpg
slopechart_$ETH.jpg
Eth, fibbanachos.
I yapped about this in the past: One thing I do like about Elliot Wave shenanigans is the idea that a new high can be made, but what you might be looking at is a gigantic fake out that is really part of an ongoing bear.
So I stuck the fib tool to the May 2021 high and left it there a couple years back. We just banged off the 38.2 retrace if you are a subscriber to that particular voodoo spell.
Happy Saturday otherwise!
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