ERCBTC Explosive Cycles
As you can see by the chart, ERC seem to like to pop every now and then.
I have simplified my technical, visually, by color coding large waves, consolidation, and small waves.
Fibonacci extension level resisted every impulse wave, but at different levels.
We can see most smaller impulse waves last around 30 days.
Watch this pair over the next few weeks, a good trade could be coming.
I have simplified my technical, visually, by color coding large waves, consolidation, and small waves.
Fibonacci extension level resisted every impulse wave, but at different levels.
We can see most smaller impulse waves last around 30 days.
Watch this pair over the next few weeks, a good trade could be coming.
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.