BTCUSD 1H Invalidation scenario with Wave 4 Fractal
BTCUSD 1H Invalidation scenario with Wave 4 Fractal
Wave 1 intermediate not confirmed as complete, and wave 5 micro not confirmed as complete. We need to see verification and a drop though the invalidation zone as we've see HH HL patterns and while indicators are mixed, PA is still in line with previous assesments.
We could see a push up to the 1.1618 and overextension to capture liquidity as indcated, with an intermediate ABC to follow down to retest prior lows. Pretty typical pattern.
Interesting is the micro wave 4 fractal fitted to the current drop. Some distinct similarities.
Wave 1 intermediate not confirmed as complete, and wave 5 micro not confirmed as complete. We need to see verification and a drop though the invalidation zone as we've see HH HL patterns and while indicators are mixed, PA is still in line with previous assesments.
We could see a push up to the 1.1618 and overextension to capture liquidity as indcated, with an intermediate ABC to follow down to retest prior lows. Pretty typical pattern.
Interesting is the micro wave 4 fractal fitted to the current drop. Some distinct similarities.