ALGO USD 4H - Elliot Wave Short

Algorand / US DollarBinance

Description

⋅ Jan 25, 2021 9:58 PM

Algo,seems to fit Elliot Wave theory. Not my area of expertise but trying to get to grips with the nuances of it.

Trying to use the correction wave to understand next likely peaks and troughs. Any feedback welcome.

Wave Analysis

Comments

Nord_Block

⋅ Jan 25, 2021 10:40 PM

So, Wave theory fits to a degree but this does not fit all the Elliot theory rules as certainly wave 4 is entering the price zone of wave 1 too much. It will be interesting to see this play out to see how the patterns evolve.