BTC done or extending the 5th
In Elliott Wave Theory, an **extended 5th wave** occurs when the fifth wave of an impulsive wave structure elongates beyond the typical proportions compared to waves 1 and 3. This often happens in highly trending markets, where the final burst of momentum is driven by exuberance or panic. Here’s a possible comment:
"The extended 5th wave suggests that the market is in a phase of extreme sentiment, often marked by emotional buying or selling pressure. This extension could indicate a climactic end to the current trend, with potential for a sharp reversal or corrective wave following its completion.
"The extended 5th wave suggests that the market is in a phase of extreme sentiment, often marked by emotional buying or selling pressure. This extension could indicate a climactic end to the current trend, with potential for a sharp reversal or corrective wave following its completion.
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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.