Wave 1: It's formed Leading Diagonal which is labialized by A, B, C, D, and E. Wave 3: It's not an impulsive move therefore we looking "Throw-Over" of the Parallel Channel for 5th Wave.
Wave 4: The Contracting Triangle has been possessed in it.
Wave 5: To determine 5-Wave, I have utilized the following:
1) Parallel Channel
2) Spike Box (i), (ii), (ii) which indicated that end of the triangle we're getting a spike on BTC.
3) Harmonic pattern can give us the exact level to decide the next move and pattern name.
I will work on the Harmonic Pattern if I got enough LIKES and Respect from TradingView.
Every single time I see your charts you make them clean, simple and precise. You're at another level and I look forward to coming close to seeing and defining the charts as well as you do. 👍😀💯
Trade-Technique
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@mannyoptions, thanks so much for appreciated me.
Trading-Guru
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@mannyoptions, Definitely agreed with manny, very clean! And hey Kinnari, seems that you are back! Welcome back!!
I also published a chart on BTC/USD looking at the horizontal levels instead. Very curious to hear your thoughts:
well, you have been counting wrong since the first time I commented you, and you are still counting wrong. not only no improvement, but your wave counting skill has gone much worse.
however, I'm glad it works for you and that others are fine with wrong information.
Trade-Technique
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@RezzaHmt, information is not wrong, who was Elliott wave, human?
Me too human, i created my own theory by excercise... I hope you got it
Shoshanna_Cohen
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@Kinnari_Prajapati, I think you are misinterpreting what people are pointing out, and taking it personally, using Elliots (yes he is human) hard work and fame and then using his name in the title but ignoring the rules of Elliot wave theory is dishonest on many levels. If this is your own wave count then call it Kin's Wave count not "Elliot Wave Basic". If it works for you then good on you, but using Elliot's name and then incorrect use as Elliot designed is what people are having trouble with.