Two scenarios for Arbitrum.
Black count where we have a finished impulse to the upside and we are going down to complete wave 2 if price clears 1.5427.
Orange count where if price clears 2.0883 may be a tringle ((4)) and we are focusing to the upside to end wave ((5)).
On this count we used log scale!
Black count where we have a finished impulse to the upside and we are going down to complete wave 2 if price clears 1.5427.
Orange count where if price clears 2.0883 may be a tringle ((4)) and we are focusing to the upside to end wave ((5)).
On this count we used log scale!
Note
Updated the count into an expending leading diagonal wave 1.
Watching for evidences wave 2 finished 1.458 (a complex correction WXY)
Also we have equality between waves W and Y.
Y wave an expended flat correction.
Above 1.458 and clearing 1.7519 we look upward for wave A or 3
Note
Price must clear 1.7558 to turn Arbitrum up as a possible triangle unfolds in wave b.
Clearing 1.6080 we will see price lower to complete the c wave.
Note
Trading above 1.6581 will favor that an impulse from 2.2783 has ended wave ((c)) of 2 at 1.400.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.