probably the drop that we had was just a wave A from the correction the increase is a B wave and now we have a C wave down which should go lower than the A wave in the upward wave, 3 waves are clearly visible, suggesting B waves I fired a stop order Sell from 15 min BDB Bar marked with a turquoise line
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if it breaks down this 5C mark, we're flying very low.. blessing
in correction , If the wave A is a 5-wave , then it's zigzag
In this case (zigzag) , wave B can not correct more than 61.8% of the wave A
So the wave of A; can not be 5 waves and in general is not a zigzag correction
I'm sorry, but I think we should reconsider the counting of the waves
Lukasbonzzi
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@mkouchi3, good attention ..
anyway this option did not work because we have a new peak
yes, the B wave in the case of ZIG ZAG correction should not be high enough than 0.618 and so says the view that he uses,
I saw a lot of situations in which wave B came out higher and it was a correction ZIG ZAG so it does not treat it radically
on the cryptocurrency market, the vast majority of ZIG ZAG type adjustments seem to have been once irregular.
in the wave marked by me, you can clearly see 5 waves
at the moment I count it like this
kouchi
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@Lukasbonzzi,
I agree with you
I am also looking for a structure and a scenario
Lukasbonzzi
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@mkouchi3, from a bird's eye view, I see it like that
Th3R4m0n1X
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@Lukasbonzzi, i´m seeing things like you, and have the same trouble with that peak in wave B. I think that peak was in fact the end of B.
Like this:
And for the fibo ratio i follow this guidelines:
• Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A
• Wave C = 61.8%, 100%, or 123.6% of wave A
• If wave C = 161.8% of wave A, wave C can be a wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not
So your setup is still valid.
Looking an entry between 61.8 - 76.4