telnemri

Double and Triple Threes Combination Elliot Wave - A long shot

telnemri Updated   
COINBASE:LTCUSD   Litecoin
My attempt to find the next trend.. We are certainly about to complete an expanded flat (3-3-5) Elliot correction wave. Not sure what could be next but this model syncs time cycles with the shape of a combination wave. If the shape follows through with either a type of triangle wave or a zig zag wave then we should have a better idea where we're going after that.
Comment:
Correction: If WX (not XY) is a zig zag pattern, then XY should be a triangle. Similarly, if it ends up being a some type of triangle, then a zig zag pattern is more likely.

My prediction is: flat (3-3-5) -> zig zag -> triangle

Also, I think point X might end up at the 0.236 level (~78) , not 0 (~82)
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.