XBTUSD NEW COUNTING
Updated
Hello guys
The price jump was very unexpected last night
Due to Elliott's structure, we expected a final correction wave
But it didn't happen
So what should we do now?
We can count this as no correction wave because the last wave structure was not formed and only a correction for its previous upward microwave
If we look at the overall surge, we can still say we're still in the third wave
Although we thought we were in the fourth wave, it's not like we're still in the third wave and the fourth wave hasn't formed yet
The price jump was very unexpected last night
Due to Elliott's structure, we expected a final correction wave
But it didn't happen
So what should we do now?
We can count this as no correction wave because the last wave structure was not formed and only a correction for its previous upward microwave
If we look at the overall surge, we can still say we're still in the third wave
Although we thought we were in the fourth wave, it's not like we're still in the third wave and the fourth wave hasn't formed yet
Note
I checked CCI indicator THERE IS A DIVERGENCE IN IT BEFORE JUMP
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.