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Elliot Wave completed on Eth 1hr now entering ABC correction

Ethereum / Bitcoin (BITTREX:ETHBTC)  
acdmbe  
BITTREX:ETHBTC   Ethereum / Bitcoin
Trend Analysis Chart Patterns ETH Ethereum (Cryptocurrency) BTCUSD
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trendanalysis chartpattern eth ethereum btcusd
snapshot

Investopedia says:
Theory Interpretation
The Elliott Wave Theory is interpreted as follows:

Every action is followed by a reaction.
Five waves move in the direction of the main trend followed by three corrective waves (a 5-3 move).
A 5-3 move completes a cycle.
This 5-3 move then becomes two subdivisions of the next higher 5-3 wave.
The underlying 5-3 pattern remains constant, though the time span of each may vary.
Let's have a look at the following chart made up of eight waves (five up and three down) labeled 1, 2, 3, 4, 5, A, B and C.



Read more: Elliott Wave Theory www.investopedia.com...technical/111401.asp
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