IamCryptoWolf
Long

WW geo BTCCNY *update*

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
405 3 11
Wolfe Wave BTCCNY             Technical Analysis

1- Points 1-2 should be FARTHER apart than points 3-4
2- Points 1-2 and points 3-4 are connected by a zig-zag ( a simple a-b-c pattern in this case)
3- Points 2-3 and 4-5 are connected by an impulse wave (points 2-3 and 4-5 are connected by internal 5 points)
4- we would have the following internal 3 -5 - 3- 5.

Overall, the daily chart doesn't change.
snapshot

Order cancelled: 2-4 line failed. WW geo invalidated.

Related Ideas

In my opinion, the level being broken by a corrective wave doesn't invalidate it. I've also noticed that "false waves" exist. So you can disregard one violation if the market rallies from here. If that happens you'll find your wolfe wave still works.
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Tech Note:

- leg 2-3 : had 1.272 Fibonacci extension
- leg 3-4 : retraced of 61.8%
- leg 4-5 look for a 1.272 Fibonacci extension

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IamCryptoWolf IamCryptoWolf
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