TradingView
Trade-Technique
Nov 21, 2020 7:25 AM

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

Bitcoin / United States DollarCoinbase

Description

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
powerfulLizard93123
Your analysis is very powerful.
The_crackerjack
Good chart
Trade-Technique
dhirajchawla88
@Kinnari_Prajapati, is it time to sell BTC?
More