BTC-CNY - Triangle (x2) Breakout?

398 0
First an overview of my Elliott Wave analysis for context, followed by my forecast(s).

Current Overall Level: Wave C
Current Sub-level: Wave 4
Next Sub-level: Wave 1 of Wave 5

Wave 3 ended/Wave 4 started on 10-05-2014.
Wave 4 consists of W-X-Y combo.
Wave W made up of A-B-C (W duration: 10-05-2014 to 11-12-2014).
Wave X connects W & Y (X duration: 11-12-2014 to 11-21-2014).
Wave Y made up of A-B-C-D-E-F-G-H-I (Y duration: 11-21-2014 to present)

I think Y consists of an A-B-C-D-E triangle with E consisting of it's own triangle, hence the E-F-G-H-I.

Primary Forecast: Wave I will overshoot triangle before starting massive bear run down to sub-2100 for Wave 1 of Wave 5 of Wave C within next 12-72 hours.
Alternate Forecast: More sideways action via connecting corrective X followed by Z resulting in W-X-Y-X-Z for this Wave 4.
Forecast Failure: If Wave I breaks out above 2385, then the A-B-C-D-E triangle analysis is negated.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out