BTC USD diagonal triangle type 2 (EW)
This falling wedge looks like diagonal triangle type 2 from EW (green color count). If this is so, we should bottom out somewhere a little below lower trend line.
Although I've noticed, sometimes wave 5 transforms into a cup and a handle (!), which can go much lower before going up.
Trade safe, don't listen to me, listen to your gut :)
Although I've noticed, sometimes wave 5 transforms into a cup and a handle (!), which can go much lower before going up.
Trade safe, don't listen to me, listen to your gut :)
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Related publications
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.