BTCUSD Elliot Wave analysis correction over?
There are 3 possibilities.
1- Overall correction is in the WXY (double Zigzag pattern, I prefer the most right now)
2- With low value of 28k, A wave of ABC correction is over and we are now in B wave. The wave after 28k does not look like impulsive rather abc correction.
3- We have impulsive A wave of extended 5th wave and right now 5.ii wave is over and looking for a deep correction as 5.iii
I will consider all of them because each of them are still in the play.
1- Overall correction is in the WXY (double Zigzag pattern, I prefer the most right now)
2- With low value of 28k, A wave of ABC correction is over and we are now in B wave. The wave after 28k does not look like impulsive rather abc correction.
3- We have impulsive A wave of extended 5th wave and right now 5.ii wave is over and looking for a deep correction as 5.iii
I will consider all of them because each of them are still in the play.
Comment:
My preferance has changed to option - 2 and I have removed option-1 from possibilities. We are now in B wave of ABC correction. If 28k broke, a very deep C wave might occur.