Double Three or WXY is one of the most important patterns in New Elliott Wave theory and probably the most common corrective pattern in the market nowadays, also known as 7 swing structure. Wave subdivision is 3,3,3 which means all of these 3 waves are corrective sequences.
The consideration is that Wave Y looks to require some more length to the south, but it looks as if we are in the final wave, perhaps targeting the 0.91 fib at the $1800 zone.
Looking at Pos Div on the RSI Weekly to give a great 'heads up'.
BTCUSD H4 Correction up. Checkout the idea detail's and all the update's for the complete picture.
BTCUSD D1 Long Term EW Analysis. Checkout the idea detail's and all the update's for the complete picture.
BTCUSD D1 Long Term EW Analysis. Checkout the idea detail's and all the update's for the complete picture.