Kinnari_Prajapati

5th Wave Failed(Why) in Elliott Wave - Truncation(What)!

Education
COINBASE:BTCUSD   Bitcoin / U.S. Dollar
Truncation learning - shortening something

That why Elliot used the word failure shorter 5-wave compare to 3rd Wave, forever it does not move beyond or higher the end of the third. We prefer the less connotative term truncation or truncation fifth wave as illustrated in the chart.

Reason of Truncating in 5th Wave:
In the bull market, weakness in price & Strength in price for Bearish market

Comments

Your analysis is very powerful.
Reply
Good chart
Reply
Kinnari_Prajapati The_crackerjack
Reply
dhirajchawla88 Kinnari_Prajapati
@Kinnari_Prajapati, is it time to sell BTC?
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out