ETHUSD, Elliott wave analysis. 1W.
Waves shown by Blue-line will probably be an Impulse.
I think the 5th wave of this impulse will probably Expand.
In short, The magnitude of the 3rd wave is 2.618 times that of the 1st wave and the 3rd wave is small.
This pattern is a signal that the 5th wave may be expanded.
If the assumption of this scenario is correct,
Future, the wave will rebound after being supported by the acceleration channel.
Waves shown by Blue-line will probably be an Impulse.
I think the 5th wave of this impulse will probably Expand.
In short, The magnitude of the 3rd wave is 2.618 times that of the 1st wave and the 3rd wave is small.
This pattern is a signal that the 5th wave may be expanded.
If the assumption of this scenario is correct,
Future, the wave will rebound after being supported by the acceleration channel.