Hello guys
We have two corrective waves which are A and B. And we have one motive wave which is C.
In most cases wave B and C are breaking through the lines and this is common.
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Hello Crypto lovers! Let's talk about Ethereum!
Well, just like Bitcoin, even Ethereum made sharp and impulsive five-wave rally at the end of December in 2018. And such sharp legs usually indicate a reversal, at least for a bigger correction of a higher degree!
So, after that impulsive leg A/1, ETHUSD dropped into a wave B/2 correction, which we see it as a big...
Here's an explanation why Elliott Waves don't work most of the time, and then sometimes work perfectly.
Lets take a closer look at a single impulse wave up and its correction (I'm using 61.8% retracement and wave 3 = 100% of wave 1). You simply can't trade based on that (red dots), here's why.
If you treat it as 123 up trend forming (green count), you can't...
