BitcoinUpdated Rare Elliott wave formation found? Take a look
Spotted on the hourly.
"Leading expanding diagonal"
Key notes:
1) Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.
I'm definitely not an Elliottician, but figured I'd share since this market makes no sense and it's the only thing I've found to make any sort of sense.
If we go up another 2% or so this should be invalidated.
"Leading expanding diagonal"
Key notes:
1) Wave 4 does not overlap with the price territory of wave 1, except in the rare case of a diagonal triangle formation.
I'm definitely not an Elliottician, but figured I'd share since this market makes no sense and it's the only thing I've found to make any sort of sense.
If we go up another 2% or so this should be invalidated.
Note
imgur.com/a/RTec6For those unfamiliar with the pattern.
Note
99xx invalidates this, until then, bears are in control.
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Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
If you find my information helpful, please return the favor and hit the like and follow button, it's very encouraging and keeps me motivated!
Twitter: twitter.com/Jedi_ant
Twitter: twitter.com/Jedi_ant
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.