EOS appears to be forming an ABCDE correction (when the correction forms a triangle or wedge pattern) in the shape of a falling wedge. Each wave of the ABCDE correction should have 3 subwaves, which are labeled ABC. However, there is an exception to the ABC wave structure, and that is when we get an complex correction. For instance, in wave B, after the first ABC...
verge has broke the triangle and is forming an impulsive abcde bullish pattern. Feels like good times ahead for verge. Good Luck,
Bitcoin formed a falling wedge. Inside each wave of the wedge, there is a 5-3-5 zig zag wave structure. The only exception is wave A, which has a 5 wave structure.
BTC has been completing 5 and ABC/ABCDE waves for days...weeks... Having just completed a Miniscule 5 Wave we can expect a Miniscule ABC right now...It appears to me that these Minor and Miniscule 5 and ABC/ABCDE waves are part of BTC Primary Correction ABCDE which began on December 21. Should this be correct, that would mean that we are currently in Minor Wace...
I'm looking for a short position on UsdCad. We have a retracement and a symmetrical triangle as well completed on an abcde correction wave !!!
EOS is still in corrections after a 5 wave impulse (black 5). EOS could possibly complete an ABC (possibility 1) or an ABCDE correction (pink triangle and possibility 2). Right now EOS already completed the 5 impulse wave (purple) of subwave C (green) of wave B (orange). EOS will likely see a drop soon. If EOS completes an ABC correction (possibility 1), we...
ETH just completed wave b with a falling wedge and is about to start wave c. Wave c will likely hit a 0.5 Extension of wave a, which is our target.
Before I want to start my analysis, I want to say that this may be dubious wave count. I counted wave 1 as a expanding diagonal, which is not a valid wave count according to Elliott Wave rulebook. However, the expanding diagonal for wave 5 wasn't added to the rule book until recently either. So I thought, if there are expanding diagonals in wave 5, why can't there...
Bullish pattern on LTC/USD trading pair. I will monitor this closer and have entered a long position. My stop loss is somewhere in red. First Target: 300$ Second Target: 450$ * I am not a financial advisor. Do not trade based on my TA
MCO at the D position of this correction where it could either make its run to around the 0.00133BTC range and then dip down all the way to the 0.0011BTC range to complete the ABCDE correction, however, it is possible that it just make a minor correction after the D position and impulse up and off the line of support.
abcde of an greater ABCDE hopefully will impulse on out of here
It seems like DOGE is currently in its correction phase. I can see an ascending ABCDE triangle forming which should result in new highs. First short term target = 0.00000125 BTC p/s.
There is a 12K double bottom support level that can be my 1st Take Profit area. I have drawn an ascending trendline that when a Break-Hook_Go pattern on the 15m chart develops I will enter with a triple bottom retest as my TP. Price may continue bearish from there to the "e" point support level as my 2nd Take Profit.
Pair is creating lower lows and lower highs in an A-B-C-D-E Pattern. Take Profit is still previous swing low.
Price is due for a higher low now back to daily weekly support, before another move to the upside
We see a falling wedge on Verge, which happens to be the correction wave after the impulse. That means we should start impulsing soon after the falling wedge breaks.