Hi
ETH is playing a little vague for me because it made an expanding diagonal for its wave 1 cycle and then made a primary abc correction for its wave 2 that just retraced till 38.2 and this fibo level correction for leading diagonal is not my set up but in intraday view we are perfectly in an impulse (Minor) and wave 1, 2and 3 terminated and wave 4 is making a triangle and then it will go for wave 5 minor.
Comment : Wait for triangle break-out.
Intermediate wave 1 can be wave a so I wait to see the correction of wave 2 intermediate and then decide to trade.
Thanks
Bye
ETH is playing a little vague for me because it made an expanding diagonal for its wave 1 cycle and then made a primary abc correction for its wave 2 that just retraced till 38.2 and this fibo level correction for leading diagonal is not my set up but in intraday view we are perfectly in an impulse (Minor) and wave 1, 2and 3 terminated and wave 4 is making a triangle and then it will go for wave 5 minor.
Comment : Wait for triangle break-out.
Intermediate wave 1 can be wave a so I wait to see the correction of wave 2 intermediate and then decide to trade.
Thanks
Bye
Wave 4 minor is a Flat.
Now we wait to correction completes probably in 38.2 - 50 fibo level.