RE: ETH/USD update based on Elliott Waves

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ETH/USD update based on Elliott Waves

in cryptocurrency •  7 years ago  (edited)

WXY is the 3-3-3 type of a correction as supposed to ABC correction where 5 waves A is followed by 3 waves B, which is followed by 5 waves C (5-3-5 ) https://elliottwave-forecast.com/elliottwave/difference-wxy-abc-structure/

I'm showing Wave (2) (green targets) as 3-3-3 correction ((w)(x)(y)) with the last wave (y) in play (red)

Green and red targets intersect @185, that would be the target of wave (2)

However, today's performance indicates that the wave (x) is still in play and depending on where it gets terminated the targets of wave (y) will have to be adjusted upwards accordingly.

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Great, thanks!