user100000

Channeling awkward impulse waves

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BITSTAMP:BTCUSD   Bitcoin
Usually impulse waves stay within a channel, but sometimes wave 3 can be strong AND wave 4 can also move very sideways exiting from the channel you've created. In order to project the end of wave 5 in such cases try connecting waves (2) and (4) and draw a parallel line intersecting wave (1); that will project the end of blue wave (5) as you can see. It's not very well known technique.

Note: follow the blue labels
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