rwilday

Am I wrong in my count?

Long
KRAKEN:ETHBTC   Ethereum / Bitcoin
0
These are the tough moments in Elliot Wave and puncuate the need to identify key support (like my blue box) and scale in trade. I already a bit long and intend to add lower but this c wave is not actiing like a c wave. C's are supposed to be the strongest impulses in the corrective moves like the 3rd wave in an impulse move. So, this should finish quickly here. So, now I'm second guessing. We will know in a couple days. We either get a strong move up and that leading diagonal is 1 of wave 3. Or, we move down deeper into the target. The tricky thing with leading diagonals is that they break the EW rule of 4 overlapping 1 so they don't look like an impulse. But they can show up in 1 just as ending diagonals can show up in 5. They signify a battle between bulls and bears. I will begin to add higher if I have to and we see an impulse up.
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.