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RE: Bitcoin (BTC) Morning Update: Wave 3 of 3 is NEXT!
Not all triangles go to E. Sometimes they complete at D.
Your ABC option isn’t correct because the C must be below the B
Not all triangles go to E. Sometimes they complete at D.
Your ABC option isn’t correct because the C must be below the B
Thx!
Ah! So there are no symmetrical ABC triangles? Didn't know that, shame on me!
Still, You drew wave 1 in the place of my wave B. If I understand correctly, it means You assume correction finished in the bottom of right shoulder and the rest of this triangle was in fact start of new set of impulse waves.
Is it also correct to count is as a ABCDE triangle, with wave 1 starting from unfinished wave E? Like this:
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I've seen plenty of partial E in triangles. I'd say it is the most common thing to happen.