Hear me out.
I’ve been thinking the price action would take that $3450 giant wick low low on ETH. I originally thought we were in an ABC correction and that we were going to go lower — but I couldn’t quite rectify this double top.
Triangles always get my attention because we know they only form in B waves, D waves, or 4th waves — which makes them a dead giveaway of a corrective pattern. but Barrier triangle really get my attention because they print as a cipher for a liquidity sweep for later. ITS SO OBVIOUS! Triangles ARE the cipher of Elliott Waves; they reveal where we are in the broader structure.
But here’s what changed my view: I no longer think we’re in a simple ABC. Looking at it again, I believe we actually formed a W–X–Y–X–Z, which is literally a barrier triangle.
If that’s the case, then I think we go up and take it — that double top. Whether that move takes us to a new all-time high, I’m not sure. But given how massively corrective this entire structure has been, I think it’s very possible.
read nots for details
I’ve been thinking the price action would take that $3450 giant wick low low on ETH. I originally thought we were in an ABC correction and that we were going to go lower — but I couldn’t quite rectify this double top.
Triangles always get my attention because we know they only form in B waves, D waves, or 4th waves — which makes them a dead giveaway of a corrective pattern. but Barrier triangle really get my attention because they print as a cipher for a liquidity sweep for later. ITS SO OBVIOUS! Triangles ARE the cipher of Elliott Waves; they reveal where we are in the broader structure.
But here’s what changed my view: I no longer think we’re in a simple ABC. Looking at it again, I believe we actually formed a W–X–Y–X–Z, which is literally a barrier triangle.
If that’s the case, then I think we go up and take it — that double top. Whether that move takes us to a new all-time high, I’m not sure. But given how massively corrective this entire structure has been, I think it’s very possible.
read nots for details
Trade ativo
loaded up at 3988Nota
its a WXYXZ pattern. Nota
Nota
OR ITS THE B TRAINGLE TRAP This is what i have been seeing for the last 4 weeks. ABC with much further down. this scenario makes sense for the bigger trend getting to a discount. for a Wycoff top to play, for htf ma's to caught up, the state of the world. ect. there are a lot more reasons to go down than to go up. but that eq high was bugging me. not sure which is going to play.
When I make a post, i will continually make updates while the PA is building and moving so you can follow my thinking. Follow for notifications. Boost and make comments to let me know you care.
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As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
When I make a post, i will continually make updates while the PA is building and moving so you can follow my thinking. Follow for notifications. Boost and make comments to let me know you care.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.