29 May IOTA Short

Assume Confluent in Retracement
Wave 1 & 3 1:1 Extension
there is one more wave coming down to complete Wave 5
Because Wave C is always 5 Waves down.
at the 1.618 region
Wave 1 retraced 0.382
Assume Wave 3 retraces up to .618
Laddered buys along this wave retracement
R:R 7.09
Stop Loss: $1.4329

Targets Invalid

Target 1: $1.2969 (0.768 region)
Will be selling 70% at this area

Target 2: $1.2583 (1.618 of the wave)
I believe the 0.768 region will be
strong and hence selling more of my position there.

UPDATE

Prediction wrong: Stop loss hit
Could potentially be a 5th ending Diagonal. Most likely wrong. Not taking a huge risk, will close positions at the 0.382 & 0.5 regions for a short gain.

New Targets

Target 1(0.382): $1.3907
Target 2(0.5): $1.3792
Target 3(0.618): $1.3676

Retracements always end within at the 4th Wave of the previous degree.

Update 2

Stop Loss Hit. Due to BTC spike.