noble1ones

noble1ones

Apologies are in order on my part for mislabeling due to rushing out for Black Friday shopping ,lol MY BAD! Not an excuse , really my bad, bad , bad! Now we have an affirmative double 3 complex correction breakout of the final correction being a triangle and price breaking out above the E wave in the prior connecting X wave correction. To the MOON ALICE, to the...

noble1ones

Indeed there was a wave c triangle forming within the larger/higher time frame triangle. A nice thrust occurred on the breakout with a surge in volume. A breakout point retest appears to be in the cards. A strong confirmation out of this sideways range double 3 correction would be surpassing the prior connecting X wave's wave e price peak. In my humble opinion....

noble1ones

Continuing from the connected corrective Triangle X wave from the Running Flat, structure appears to be unfolding with 3 subdivided waves, as can be clearly seen on the chart labeled A & B in purple. The following waves that subdivided in 3's as well appears a little messy on the right due to what appears to be a potential triangle developing in wave C within a...

noble1ones

Following the prior chart, at this point I'll speculate that a potential flat of some sort is beginning to form in my "speculative double combination"

noble1ones

We are dealing with a complex correction, a combination of some sort, either a double or triple. Currently the correction is a running flat combined by a triangle X wave. The remaining questions are: what will the X wave be combining to, and whether this complex correction will be a double or triple. For now I labeled it as a double and simply dropped the Y wave...

noble1ones

This structure is what will validate or refute whether or not the prior Count was a Running Flat or not, in my humble opinion.

noble1ones

Wave C in a Running Flat appears to have reached its measurement points and is considered complete at this stage. Notice the Bullish divergence, Wave C measures the same as Wave A. Wave C is 61.8% of Wave B, Wave C also subdivides into 5 impulsive(motive) waves

noble1ones

Here is an update on yesterday's proregressive correction. The Wave B has been relabeled according to the 3 wave correctional structure that occurred overnight in Wave B terminating at an approximate 1.382 Fib extension of Wave A. Price is currently in regressive Wave C within the expanded flat structure that was mentioned yesterday. Following charts will be...

noble1ones

Appears to be an expanded flat with proregressive wave B making a higher high with a proregressive Wave C thrust within a proregressive Wave B. This typically gives a false impression that the correction is over and the upward trend is still in play. As mentioned before, typically regressive Wave C should end in an area that temporarily invalidates the 2 B bottom...

noble1ones

It was a Bullish Running Triangle, Not a Bullish Symmetrical Triangle. I had figured that sideways consolidation after the breakout wasn't normal behavior. It sure wasn't, I slightly mislabeled the pattern. I would have liked to post a 5 minute chart to zoom in even closer but this site says the time frame was too small. It doesn't change anything as far as the...

noble1ones

Here's a close up of the prior chart I posted on an hourly time frame including the actual word "bottom" within the structure. I'm done posting for a while. Wishing you all nothing less than the very best! Happy Holidays!

noble1ones

It appears that the call was spot on and the first leg has completed from the bottom call. On the daily chart( a prior chart I created as well) we have a 2B Bottom pattern that has formed. As I mentioned in a prior comment in a reply, classic patterns lack refinement. EW offers the refinement for pinpointing precise entry & exit points with the least amount of...

noble1ones

I highly recommend that you look up this long/bullish trading pattern. It has currently formed on the daily time frame on Bitcoin.

noble1ones

This chart is somewhat expanded and shows how the prior call played out and was spot on. In the next chart I'll point out on a daily time frame that this current bullish breakout on the hourly validated a "2B bottom" signal on the daily. That being said, when the low hit on the 21st, the 5minute 2B bottom signal was the one that provided a trade with the least...

noble1ones

This is an hourly count based on the recent 2B bottom..........

noble1ones

BST(Bearish Symmetrical Triangle) Nice 5 EW cycle completion after bearish contracting/symmetrical breakout. Notice the bullish divergence during the 5th wave and within the completion of the fifth of the 5th wave. Should see a nice Bull move in my opinion.

noble1ones

Rather than taking 8(Fib) trading days for the triangle to complete itself, it took 10 due to wave C extending into a bearish contracting/symmetrical triangle as well. Breakout occurred on "11th"(Lucas) trading day (Sunday EST 2022-11-20)