Wave e of the triangle did overshoot (moved beyond the a-c line) which does typically happen. There is not much room for more downside so I'm assuming wave e is already "in." The overshooting did affect the final wave 5 target. It is now somewhat lower at 3919
I hope so...many so called btc guru's are bearish as hell...need it to go long now!
lakmus
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Agreed.
RogueDave
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I like the depth and detail of your historical EW analysis.
I find this false break of the triangle interesting. In Elliot Wave Theory, contracting or symmetrical triangles don't usually allow for over shoots, whereas expanding or reverse symmetrical triangles do.