ElliottWaveStats

ETH-USD-High Top probability is back (now 72%).

ElliottWaveStats Updated   
BITFINEX:ETHUSD   Ethereum
Normally when a HIGH Probability of an inflexion point is overwhelmed can happen 2 things:
It rebuilds itself a bit above or below (depending on it be Top/Bottom) or exhausts itself, taking the number down, expending the math chances, which tend to Zero. In this case it has rebuilt itself.
Target Shell down has been moved above, now it is 436/418.
Comment:
With statistic applied to EW Analysis, that gives a powerful tool to detect inflexion points, it is not perfect, but much more accurate than using only Technical Analysis.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.