ETHBEAR : expanded flat , upward movement next ?
HI guys,
I use wave pattern to see where the correction may end. right now we have the structu for 1 impulsive wave with a pattern retracing at the fibo ratio of 85.4% of wave 1 (see fibo table at the left).
the pattern i identified is an expanded flat : ibb.co/HdrK3TN
Guideline for expanded flat
• A corrective 3 waves move labelled as ABC
• Subdivision of wave A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A
• Wave C ends substantially beyond the endng level of wave A
• Wave C needs to have momentum divergence
Fibonacci Ratio Relationship for expanded flat
• Wave B = 123.6% of wave A
• Wave C = 123.6% – 161.8% of wave AB
guideline and fibo ratio seems to be respected
potential price target if premise is true :
this kinda correlate with my last post in ethusdt wave pattern :
*this is not an investment advice, eth 3x token are high risk assets, use extreme caution, specially if you are new*
I use wave pattern to see where the correction may end. right now we have the structu for 1 impulsive wave with a pattern retracing at the fibo ratio of 85.4% of wave 1 (see fibo table at the left).
the pattern i identified is an expanded flat : ibb.co/HdrK3TN
Guideline for expanded flat
• A corrective 3 waves move labelled as ABC
• Subdivision of wave A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A
• Wave C ends substantially beyond the endng level of wave A
• Wave C needs to have momentum divergence
Fibonacci Ratio Relationship for expanded flat
• Wave B = 123.6% of wave A
• Wave C = 123.6% – 161.8% of wave AB
guideline and fibo ratio seems to be respected
potential price target if premise is true :
this kinda correlate with my last post in ethusdt wave pattern :
*this is not an investment advice, eth 3x token are high risk assets, use extreme caution, specially if you are new*
Trade active:
the fifth wave for the expanded flat seems in. imminent bullish crossover on the 1H. good correlation between wave count and indicators
Trade active:
please, watch this resistance. ethbear token are super risky so never safe enough :
Comment:
will update later. need more data
Trade closed manually
