Complex wxy-abc-wxy corrective waves - Elliot Wave POV
wxy-abc-wxy corrective waves are a lesser known waveform that should be familiar to the og Elliot wave traders from the 2000s. The current chart of BTC is following the same Elliot counts as the charts of SPX and NDX from 2009-2011.
Often times, hedge fund trading algorithms 'map out' price patterns following these waveforms and if this is correct, the wxy pattern should end soon, and the final y leg has likely started or is about to start.
If this is true, the bottom should be below 49k, and as per my OB analysis, this lies between 41k to 43k.
Often times, hedge fund trading algorithms 'map out' price patterns following these waveforms and if this is correct, the wxy pattern should end soon, and the final y leg has likely started or is about to start.
If this is true, the bottom should be below 49k, and as per my OB analysis, this lies between 41k to 43k.
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