BitcoinLong
BTCUSD
This pattern can be a combination of zigzag flats(frequently elongated) and triangles.
Virtually always a pattern which falls into this category terminates with triangle
Either one the two x-waves can also be triangles but are not required to be.
The first two Corrections (The one which starts the move and the one right after the first x-wave)
Should not be Triangles.
When a triple Combination occurs in a triangle,it will be largest wave
of the the Triangles in price and probably time also.
It can occur in only one other pattern,a terminal impulse.When a triple combination occurs
as the extended 5th wave of a terminal
*** It is the only time the market should completely retrace
a triple combination,even though the retracement will be of a larger degree.
Virtually always a pattern which falls into this category terminates with triangle
Either one the two x-waves can also be triangles but are not required to be.
The first two Corrections (The one which starts the move and the one right after the first x-wave)
Should not be Triangles.
When a triple Combination occurs in a triangle,it will be largest wave
of the the Triangles in price and probably time also.
It can occur in only one other pattern,a terminal impulse.When a triple combination occurs
as the extended 5th wave of a terminal
*** It is the only time the market should completely retrace
a triple combination,even though the retracement will be of a larger degree.
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.