Am convinced that from Elliott wave perspective,triangle is often common in wave four position especially in crypto currency. If subsequent price action trade above $2.66 we should see a swift and sharp movement upto $4.60 which is the area of the post triangle thrust measurements.
EURUSD should be it it early advance of a third powerful wave three (3) of intermediate degree after price broke above the wave four triangle of minuette degree. Price should continue higher in the coming weeks. However. If price should trade below wave e of the triangle the setup is invalidated and I will have to reaccess the wave count.
Triangle is one of the most favourite pattern for ellioticians because it offers a high probability trade setup. On ADAUSDT, the market made a nice advance to the upsides with an extended third wave before consolidating. As we all know, triangle can appear in wave four of an inpulse, wave B and X of corrective. If price should trade above the $1.35 area we should...