ravno_108

ravno_108 Updated 

We have had lately plenty of triangles. More often then not the price will eventually come back close to the origin of a breakout.

ravno_108 Updated 

It is often after the break out of triangle that the price will come back closely to the origin of the breakout. Besides, the whole structure looks like double correction. a-b-c, triangle and once again a-b-c SL 0.02340 TP 0.02550

ravno_108 Updated 

Second attempt. Here again we have: 1) 5 waves down 2) broken trend line The most probable direction now is down. SL is around 555 (BITSTAMP) Profit area 505 - 510

ravno_108 Updated 

We can see a nicely formed 5 waves down, which are marked here as "a". Wave "b" is deep and gives a perfect Risk/Reward Ratio. SL is 545 $. First goal is around 480 $

ravno_108

We had a strong 5 waves drop, which is marked here as "A or 1", then the corrective three waves move. What should come next is another leg down. After breaking the rising trend line (red colour) the drop should accelerate.

ravno_108 Updated 

After the breakout from the triangle it's usual that the market will come back to visit the middle of it again. In our case it's around 446. Depending if go to this level in 5 waves or in 3, we could probably decide the further movement