A good example of working with wave theory
Updated
This chart clearly outlines two options for the development of the pair.
Note
The first option is that at the moment we are finishing the third wave.Note
To confirm it you need to wait for the correction in the area of 0.382 and then update the top of wave 3.This will be confirmation that - at the end of wave 5 - there will be a correction to the area of 0.382 - 0.618, and then there will be a new upward impulse.
Note
- The second option is much worse. It is that now we see the second wave in the zigzag as wave 4. To confirm this scenario, you need to break through the 2 / b wave without updating the maximum at the top 5. If we see the top five down - we will be able to open short positions with the goal of 50 satosh .
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