I was struggling with the truncated D wave of ABCDE triangle, so I looked up elliot correction waves and found the double 3. The B wave fit perfectly. If the wave breaks though the 10600 resistance this will be my primary chart. Please let me know what you think,
Just my thoughts on how I currently see this giant BTC correction ending. I see this as a continuation of the bullish trend primarily based on the daily and weekly cross of the 20/60 EMA's. I am new to this, and looking for any feedback you may have, as it will help me to grow in my understanding.
I'm new to elliot wave theory. Looking for feedback, also if anyone knows the statistical percentages of an ABC correction. This is my first attempt a drawing elliot waves. Does this drawing even look reasonable? If it is an accurate drawing, and we get a C wave that exceeds the prior 4 wave (@7600is that of great significance? Would that indicate a trend...