farzinsabbagh

Flat or Triangle or wxy does not matter

POLONIEX:BTCUSDT   Bitcoin / Tether USD
it doesn't matter we are forming a zig zag or a flat or a triangle only thing that i know we are at a corrective wave. this is not a motive wave because it is complicated and has a lot of overlaps.
regardless, may be we are forming a regular flat(A 3-3-5 correction) . after completion of correction i will tell you guys where to put your orders. now we should wait. just wait
Comment: Now it looks like a regular flat.
Comment: I made a mistake in labeling the flat as wxy, sorry.
I think it is validated now, it looks like we started another impulse wave and now i'm seeing price increase for near futur to around 16k
Cool ABCD placement. Good short Set up!
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farzinsabbagh Bullandbeartrading
@Bullandbeartrading, thanks, but was pointing out possible impulse wave after correction to trade.
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i have just a question for learning(i'm a little confused). if this c wave is 5 wave, the the 4th wave should be less than 50
% of wave 3. but here wave 4 is 61.8 wave 3. is it normal? it doesn't mean we are forming a triangle and it is a 3 wave not 5 wave?
thanks dude
+1 Reply
farzinsabbagh sobhan.ashkezari
@sobhan.ashkezari,
Hi
No i dont know where is your source for that argument. Wave 4 should not end in terittory of wave 1.

Wave 3 should not be the shortest wave, here it is almost equal which itself more confirms this count to be valid.
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