LunC short term top (Risky call - testing my EW theory)

1. Sept. 2022

I believe this is the top area of the (macro) wave 3 on LunC. A lot of people are gonna be angry with this call. Also, wave 3 is generally the most parabolic wave so it would be very dangerous to listen to a top call. I don't know what the opposite of 'catching a falling knife' is - but this is it.

This of course means we are still waiting for a wave 5 though. So this means i'm only bearish *SHORT TERM*. This doesn't mean I'm calling THE top of the whole move; so I don't want anyone crying for me calling the overall move to be over.

2. Sept. 2022

Anmerkung

Just waiting for a macro wave 4 to play out before jumping back in. Waiting for price to base out first.

2. Sept. 2022

Anmerkung

Just conjecture here, I don't yet know how the wave 4 is going to play out. We have an abc already. It could be an A of something like an ABCDE. Don't get chopped up. If you are waiting for a re-entry then let the volatility fall first.

2. Sept. 2022

Anmerkung

A deeper retrace could look like this, although I'm sceptical it would go there right now because of how low the shorter timeframe's RSI is getting already:

3. Sept. 2022

Anmerkung

My secondary count now looks like it could be in play. In which case we are still in the wave 3.

3. Sept. 2022

Anmerkung

Following my primary count. Need to see how the C leg of the correction is going to go:

5. Sept. 2022

Anmerkung

I believe we have broken up and out. Providing it doesn't suddenly fail here the next target is 0.0004 - 0.00047.

8. Sept. 2022

Anmerkung

LunC may have confirmed a wave 5 with the breakout a few hours ago.
Extrapolated targets would be between 0.00089 - 0.0012.