BTC EW Update 01-feb
In reference to my earlier post,
As I mentioned in my analysis it Can be a Leading diagonal structure.
It has turn out almost the same. Under the rules of LD wave 4 is overlapping wave 1 and and wave 3 is not extended and wave 5 is more than 61.8% hence extended and move from wave 5 to downside as 3-3-3 WXY correction has broken the trendline as normally happens with the LD and now we are looking for completion of wave Y and than break out 38.2% of last fall and long for next upside. Invalidation point is break of low of 1.
Than this structure will turn out in Triple Zigzag.
As I mentioned in my analysis it Can be a Leading diagonal structure.
It has turn out almost the same. Under the rules of LD wave 4 is overlapping wave 1 and and wave 3 is not extended and wave 5 is more than 61.8% hence extended and move from wave 5 to downside as 3-3-3 WXY correction has broken the trendline as normally happens with the LD and now we are looking for completion of wave Y and than break out 38.2% of last fall and long for next upside. Invalidation point is break of low of 1.
Than this structure will turn out in Triple Zigzag.
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