Are we facing a short-term ABC correction

22 lut 2018

So here is something odd and impressive I found when looking more in depth at the chart of XBTUSD. I applied the EW technique and saw the 5 wave pattern, each bounced off nicely from its fib ratios, but then I get a bit more curious when I see that yellow line I placed that it's around the 12k resistance zone, we have not been able to cross. So then I decided to look at the price range and length of wave 1 was my 3rd wave extends over 1.628. That is when it hit me, when I copied the price range and placed it over wave 5, boom, magic, price was just shy on touching that yellow line. I believe right now we might be seeing another ABC short-term correction.