RUNE / TetherUSLong
RUNE potential macro 12
Whoever has some knowledge in Elliott Wave theory knows that waves 3 are the monsters that need to be caught.
You can even see the circled iii size comparing to other two waves.
Having said that and knowing that Elliott wave is a fractal thing...
we could be potentially watching an opportunity of a life time
Wave 3 in Elliott Wave Theory is typically the strongest and longest wave in an impulsive structure. It represents a period of rapid price movement fueled by strong market sentiment and momentum. This wave often exhibits high volume and breaks key resistance levels, making it a favorite among traders. It cannot be the shortest of waves 1, 3, and 5, and is usually accompanied by widespread participation in the market.
You can even see the circled iii size comparing to other two waves.
Having said that and knowing that Elliott wave is a fractal thing...
we could be potentially watching an opportunity of a life time
Wave 3 in Elliott Wave Theory is typically the strongest and longest wave in an impulsive structure. It represents a period of rapid price movement fueled by strong market sentiment and momentum. This wave often exhibits high volume and breaks key resistance levels, making it a favorite among traders. It cannot be the shortest of waves 1, 3, and 5, and is usually accompanied by widespread participation in the market.
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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.
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.