Complete count for ETHUSD.
If ETHUSD has bottomed on 5 August, I think this is how you have to count it.
The truncation would be unusual, but I think that is the only way to get a complete impulse from June 2022 bottom.
Price bounced off of .618 fib on 5 August and has held within pitchfork ever since.
Lots of room to run if bulls can take price towards median line of pitchfork.
If ETHUSD has bottomed on 5 August, I think this is how you have to count it.
The truncation would be unusual, but I think that is the only way to get a complete impulse from June 2022 bottom.
Price bounced off of .618 fib on 5 August and has held within pitchfork ever since.
Lots of room to run if bulls can take price towards median line of pitchfork.
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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.