BTC Golden Section and Butterfly

31 de out. de 2017

read about the dividing by W4 here ( Figure 31)
elliottwave.net/educational/basictenets/basics5.htm

31 de out. de 2017

Nota

31 de out. de 2017

Nota

Even on 15m timeframe you can again see how the bigger Impulse wave is cut in sections. W3 was W3 => W5 extended (1.618)
If W5 = ext. cutting rule is at Figure 32 on the site i posted

31 de out. de 2017

Nota

1 de nov. de 2017

Trade ativo

started going in short. But just small position
still it is possible that we break the red channel and test the yellow wedge again.

the orange EPA line that you may know from wolfe wave also works fine at threedrives and ugly threedrives and everything what looks like that kind of patters. Look at EURUSD for example