#MARA 4h Elliott-Wave Analysis
MARA chart showing some very complex Elliott-Wave structures.
Not easy to count, but in combination with the RSI, the structure is very clear.
Beautiful chart in my eyes!
The move to the upside, labeled here as the blue Wave (b) with the pink (wxy) substructure, initially appears to be a 5-wave impulsive move. However, upon closer inspection, and aligning the chart pattern with the RSI, it becomes clear that this is a (wxy) corrective structure rather than an impulse.
Not easy to count, but in combination with the RSI, the structure is very clear.
Beautiful chart in my eyes!
The move to the upside, labeled here as the blue Wave (b) with the pink (wxy) substructure, initially appears to be a 5-wave impulsive move. However, upon closer inspection, and aligning the chart pattern with the RSI, it becomes clear that this is a (wxy) corrective structure rather than an impulse.
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