LONG short-term to complete the complex correction; 1.4700-1.4860
SHORT medium-term, where intermediate wave (3) concludes its course; 1.39120-1.3425
SHORT medium/long-term, where primary wave 3 completes its course - only valid if the primary impulse is not an A,B,C correction; 1.3625-1.3150
SHORT longer-term, where primary 5 completes the cycle degree...
It looks like we are on a bear flag correction with the potential moving down increasing following the minuette zig-zag ( (a)(b)(c) ) appttern. The correction down to 1.618% FE validates this pattern.
The flag structure hints to a duplication of the first corrective leg down as it is dominant, which places the intermediate target for EURAUD near 1.55
It is...
It looks like the corrective minute wave y of the minor motive wave C of the corrective W,X,Y zig-zag pattern has a little more room to move further down. Wave y at 0.888 is also the 50% FR of minor B of the second A,B,C zig-zag at 0.8974 and the minute wave v at the market low of 0.8786.
The correction could indeed end higher, near the golden ratio where another...
It looks like intermediate waves W (1.7563) and X (1.85) of the corrective zig-zag pattern have completed their journey.
The corrective intermediate wave X wave ended with a complex combination at a round resistance and between the 61.8FR and 78.6FR of the intermediate wave W
Intermediate W printed a minor a,b,c that most likely ended the first part of the...
I believe that Bitcoin has mad a double correction labelled as WXY and each individual as ABC.
I think the second C wave or Y wave will end in the highlighted zone.
From this point I expect upside. This will either be an X wave if the correction becomes more complex, or the begging wave of a bull run(1).
In the area of the top two horizontal lines is where...
I feel at this point, considering the overall pattern and price action along with the fact it has been holding at this angle, EG will go up to break the high. I'm considering this whole move to be a complex "B" wave. It is possible it corrects in a 3 wave fashion before it goes (See marker drawing) but it doesn't necessarily have to. I feel like we need to at...
The "e" is usually a smaller correction than 50% (based on the "c-d" swing). The next impulse (after "e"), it's usually part of a ABCD pattern (AB in place on the "c-d" swing, where, AB = CD and CD = 127.4%-132.8% or 161.8% of AB). But the right level will come from adding a Fibonacci Retracement, on the "d-e" (counter trend fib) in order to find the Fibonacci...
Well... As I have been following BTCUSD I noticed a gartley that could be forming.. I marked it up a few days ago but didnt get a chance to post.. I believe a bearish Gartley will only set us up for the posible ending of this complex correction!
let keep an eye on it..
Here is a broader view of the idea i have.
I'm still learning but here is my take. After some good correction and a possible finish of a complex correction.
We have just completed a Leading diagonal for Wave 1.
If we get an ABC correction down I would be interested in going Long!!!
Check the video for an exciting journey of 1350 pips from highs@0.8125 to 0.7532 lows & from 0.7532 to 0.7695 with all twist & turns - can we nail it with bearish Gartley in current structure below 0.7695. Let me know your comments. Do support.
![BTCUSD: BTC Correction Not Over! [Triple Zig Zag Idea]](https://s3.tradingview.com/q/qMDTpYEe_mid.png "BTC Correction Not Over! [Triple Zig Zag Idea]")
