BINANCE:BNBBTC   Binance Coin / Bitcoin
It looks to me like we are at or near the end of the 4th wave of an ending diagonal that is the 5th wave of the larger wave 1.
Typical levels for the last 5 wave would be between 0.786 and 1.0 of the size of 0 to 3 as measured from 4. These are the lower of the two white lines.
But....looking at the wave 1 of this structure it formed a similar pattern and then exploded. Other fib levels marked.
If this plays out then expect a big drop after it completes.
Remember...always do your own research. Don't just buy something because someone you don't know on the internet says it might be a good idea.
Your subwave count for wave 5 is off, wave 4 can't retrace past wave 1.
@fcgtrading, Hi. Thanks for the comment. In a diagonal formation the wave 4 must retrace beyond the wave 1 termination as that is the definition of a diagonal. For this to be an impulse you would be correct
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