US30 retraces deeply, so it is expected that be the end of wave (B) of ➂ and now initiating a wave (C) of ➂, targeting a projection pair of 123.6% vs. 223.6%. It will then retrace to the wave ➃ where the retracing percentage must be greater than 50% (for the sum of retracing% ➁+➃ more than 65%) collide at the support and trendline area as shown in the picture.
Because the impluse wave set is not properly proportioned and should be a retracing wave set as shown in the yellow band. So it can be confirmed that wave (IV) has ended in an irregular failure flat at 28%, which requires a complete review of wave 5 (red) as shown in the chart.
Currently, US30 is making its final wave and targets around 36800 - 37300 before...
Based on the Harmonic Elliott Wave count, BTC is likely to start making a ⓒ of 3 wave in a downtrend towards the target of 161.8% of the projection of wave 3 hitting the trendline. Then it will bounce back to wave 4, which the contraction ratio must be between 35%-56% .
*** If wave 4 has already broken 56%, it is possible that this bearish wave count is wrong....
The latest downtrend is a sub-wave of 5 rather than 3 or an elongated flat, so the wrong count has been reversed and revised to wave c of (iii) of ⓐ of B. The erroneous position is the long green bar. It must be divided into 3 waves, not 5 waves, in order for the internal proportions to be correct according to the statistical value.
* If Xauusd hasn't landed at...
Revised wave expected wave ➃ has ended at 41% with wave ➂ having completed its subwave within 5 waves at 176%. US30 is currently declining on wave ➄ of c of (IV), which is expected to finish at 38%-50% retracing which corresponds to 67%-85% wave ➄ projection.
US30 is still in a downtrend as charted. However, there may be a high bounce at wave ➃ to balance the retracement sum. And then runs down wave ➄ to end wave c of (IV). By retracing wave (IV) at approximately 38%-50%, this sum of wave (II)+(IV) retracing will be about 68% – 80% .
The gold price has retraced to this extent meaning that wave (a) of wave iii (circle) has been completed and is being done as the end of wave (b) in an Elongated flat pattern, right now be pulling back wave ➃ of wave c and when end, gold will retrace wave ➄ to end wave (b) and then reverse upward trend towards wave (c) of iii (circle).
***If this wave ➃ breaks...
BTC is doing the end of wave (iv) of 1 or it may have just ended. where the tip of wave (iv) is not higher than b of (iii), but if it is higher, it may be that wave 1 has ended and wave 2 is proceeding.
Edited the wave path where the iv wave is not finished but the ending part is just the subwaves (4) and (5) of Ⓒ of iii. Between 38%-61% of the retracement (will cause the sum of the abbreviation ii+iv > 65%) and not lower than Ⓑ of iii (1820) then it will revert to an uptrend wave v to the next blue resistance trend line.
The retracing wave Ⓑ of v should have been deepened to compensate for ii, Ⓑ of iii and iv and have ended by now it should have run the ⓒ of v towards the resistance trend at 61.8% before declining to (b) of iii (circle) . Compulsory Proportion (1) at 1870 and Proportion Forced to be retraced to (2) by Harmonic EW Triple Zig Zag ( x can > 61.8%).
Predicted that just ended a retracing wave Ⓑ in a double zigzag format. However, it must not break the yellow support line at 60,125. If it breaks this line, the wave will revert to a downtrend as in the yellow case.
In the first case, BTC are expected to continue forming flat, with wave Ⓥ not over and targeting 124%-138% changed from normal flat to strong (B) flat. In another case, it is possible that wave ➁ has ended. Then and now BTC are making the end of wave (A) of wave ➂. However, in both cases, when the uptrend ends, the wave will retrace.
Expected to be a retraced (C) wave. On Oct. 27, the uptrend was broke, but there are still 2-3 wave form overlays in similar opportunities, but yesterday, when BTC broke green trend, so it reverted back to leg ⓒ on the 29th where the minor TF found apparent 5 waves more than 3 waves and was followed by wave ⓧ (which at first resembled wave ⓒ = 5 waves in an...
As a result of traceability, wave 5 (by moving along the orange arrow) has been moved, then US30 has retraced to wave (4) at around 19% (2 +4 =85% normal) and now US30 making waves (5) of Ⓒ of b with a goal of 138% (according to the principle of Strong b by R.N.Elliott wave) or may not exceed 150%(According to the principle of Expanded b by Hamonic Elliott wave).