BTCCNY EW Analysis - wave b triangle

HUOBI:BTCCNY   Bitcoin / Chinese Yuan
463 3 5
Following some nice expected impulses towards 1300 in the BTCCNY             pair, a reaction is taking the place of wave (ii) of iii             (very bearish ) or wave (iv) of iii             of an ending diagonal (less bearish ) as wave b within this reaction. Triangles are in the form of 3-3-3-3-3 in a contracting range. They occur in position of wave b or iv, meaning as a strong guideline they are terminal moves, preceding important reversals within the local             trend. This triangle has nice form, and if it resolves as expected it will be a powerful tool in trading this market at this point in time.
well done :agree:
+1 Reply
Your analyses have been spot-on lately, good job / thanks for sharing
+1 Reply
chessnut is one of the best
+1 Reply
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out