Elliot Wave - Expanded Flats - What do you think?
I quote the following segment from: elliottwave-forecast...elliott-wave-theory/
"Guidelines
• A corrective 3 waves move labeled as ABC
• Subdivision of waves A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A
• Wave C ends substantially beyond the endng level of wave A
• Wave C needs to have momentum divergence
Fibonacci Ratio Relationship
• Wave B = 123.6% of wave A
• Wave C = 123.6% – 161.8% of wave AB"
Wave B going to 69K got everyone bullish. People over-leveraged expecting the PLAN B model to play out. Many got recked. If this plays out, never believe any of the Crypto Influencers ever again. Target: 20K
I quote the following segment from: elliottwave-forecast...elliott-wave-theory/
"Guidelines
• A corrective 3 waves move labeled as ABC
• Subdivision of waves A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A
• Wave C ends substantially beyond the endng level of wave A
• Wave C needs to have momentum divergence
Fibonacci Ratio Relationship
• Wave B = 123.6% of wave A
• Wave C = 123.6% – 161.8% of wave AB"
Wave B going to 69K got everyone bullish. People over-leveraged expecting the PLAN B model to play out. Many got recked. If this plays out, never believe any of the Crypto Influencers ever again. Target: 20K
