ETHBEAR : expanded flat , upward movement next ?
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HI guys,
I use wave pattern to see where the correction may end. right now we have the structu for 1 impulsive wave with a pattern retracing at the fibo ratio of 85.4% of wave 1 (see fibo table at the left).
the pattern i identified is an expanded flat : ibb.co/HdrK3TN
Guideline for expanded flat
• A corrective 3 waves move labelled as ABC
• Subdivision of wave A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A
• Wave C ends substantially beyond the endng level of wave A
• Wave C needs to have momentum divergence
Fibonacci Ratio Relationship for expanded flat
• Wave B = 123.6% of wave A
• Wave C = 123.6% – 161.8% of wave AB
guideline and fibo ratio seems to be respected
potential price target if premise is true :
this kinda correlate with my last post in ethusdt wave pattern :
*this is not an investment advice, eth 3x token are high risk assets, use extreme caution, specially if you are new*
I use wave pattern to see where the correction may end. right now we have the structu for 1 impulsive wave with a pattern retracing at the fibo ratio of 85.4% of wave 1 (see fibo table at the left).
the pattern i identified is an expanded flat : ibb.co/HdrK3TN
Guideline for expanded flat
• A corrective 3 waves move labelled as ABC
• Subdivision of wave A and B is in 3 waves
• Subdivision of wave C is in 5 waves impulse / diagonal
• Subdivision of wave A and B can be in any corrective 3 waves structure including zigzag, flat, double three, triple three
• Wave B of the 3-3-5 pattern terminates beyond the starting level of wave A
• Wave C ends substantially beyond the endng level of wave A
• Wave C needs to have momentum divergence
Fibonacci Ratio Relationship for expanded flat
• Wave B = 123.6% of wave A
• Wave C = 123.6% – 161.8% of wave AB
guideline and fibo ratio seems to be respected
potential price target if premise is true :
this kinda correlate with my last post in ethusdt wave pattern :
*this is not an investment advice, eth 3x token are high risk assets, use extreme caution, specially if you are new*
Trade ist aktiv
the fifth wave for the expanded flat seems in. imminent bullish crossover on the 1H. good correlation between wave count and indicatorsTrade ist aktiv
please, watch this resistance. ethbear token are super risky so never safe enough :Anmerkung
will update later. need more dataTrade wurde manuell geschlossen
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