rubenthin

Descending Wedge Corrective Move

BTCCHINA:BTCCNY   Bitcoin / Chinese Yuan
219 5 4
Looks like this wedge may complete this leg:
snapshot

Measured move from the first part of the ABC points to low 1530s.
But the wedge implies low 1550s.
Although on the same wedge on 8hr makes 1546 possible.

Bigger question is which leg does this complete?
Notes to which are in the chart.
oldstout
a year ago
Agree.
Reply
Wedge after wedge after wedge.
As per Trade_master_3000s post, looks like it faked or at least failed out
snapshot
Reply
I guess the 1585 high qualifies as point B?
Any thoughts?
snapshot
Reply
itsheng rubenthin
a year ago
The new 1595 as point B?
Reply
rubenthin PRO itsheng
a year ago
It seems to have impulsed now...potentially a wave up?

snapshot
Reply
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