LEVERUSDT: The classical Elliott Wave Flat Correction
Greetings to all traders and investors! The LEVERUSDT price chart is currently offering another exciting opportunity for a long position. It's displaying a classic Elliott Wave Flat correction pattern.
In a Flat correction, we typically see three-wave declines in both wave A and B, followed by a five-wave decline in wave C. In the case of LEVERUSDT, the C wave has taken the form of an ending diagonal.
Based on the chart, we've already witnessed a break in the wave 4 of C within the ABC decline. This suggests that the price action is likely to continue its upward movement in the coming days in an impulsive manner, ultimately retracing the entire pattern.
If you've found this analysis helpful, we would greatly appreciate your support through likes and comments. Wishing everyone a fantastic trading week ahead!
In a Flat correction, we typically see three-wave declines in both wave A and B, followed by a five-wave decline in wave C. In the case of LEVERUSDT, the C wave has taken the form of an ending diagonal.
Based on the chart, we've already witnessed a break in the wave 4 of C within the ABC decline. This suggests that the price action is likely to continue its upward movement in the coming days in an impulsive manner, ultimately retracing the entire pattern.
If you've found this analysis helpful, we would greatly appreciate your support through likes and comments. Wishing everyone a fantastic trading week ahead!