WORLDCOIN will breakout soon?
WLD 1-day timeframe analysis (re-count)
WLD is now -88% from its all time high and is very concerning, its C wave indeed overlap with Wave 2 of the previous impulsive wave, this overlap does not violate any Elliott Wave rules, as long as the wave counts and degrees are correctly applied.
๐๐ซ๐ฎ๐ง๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ซ๐ข๐๐ง๐ ๐ฅ๐ ๐๐๐ญ๐ญ๐๐ซ๐ง๐ฌ:
(We are now forming a triangle again in the final impulsive wave of the correction)
In the case of a triangle (ABCDE):
๐๐๐ฏ๐ ๐ can be shorter, and this is sometimes loosely referred to as "truncated," though it's not a formal term within Elliott Wave
theory.
๐๐๐ฏ๐ ๐ does not necessarily have to reach the trendline drawn from the ends of Waves A and C. It can fall short, creating what might be perceived as a "truncated" appearance.
The invalidation level is indicated in the chart below. If it materializes, the potential reversal zone could range from $1.34 to $1.19. Please note, this is for educational purposes only and should not be considered financial advice.
WLD is now -88% from its all time high and is very concerning, its C wave indeed overlap with Wave 2 of the previous impulsive wave, this overlap does not violate any Elliott Wave rules, as long as the wave counts and degrees are correctly applied.
๐๐ซ๐ฎ๐ง๐๐๐ญ๐ข๐จ๐ง ๐ข๐ง ๐๐ซ๐ข๐๐ง๐ ๐ฅ๐ ๐๐๐ญ๐ญ๐๐ซ๐ง๐ฌ:
(We are now forming a triangle again in the final impulsive wave of the correction)
In the case of a triangle (ABCDE):
๐๐๐ฏ๐ ๐ can be shorter, and this is sometimes loosely referred to as "truncated," though it's not a formal term within Elliott Wave
theory.
๐๐๐ฏ๐ ๐ does not necessarily have to reach the trendline drawn from the ends of Waves A and C. It can fall short, creating what might be perceived as a "truncated" appearance.
The invalidation level is indicated in the chart below. If it materializes, the potential reversal zone could range from $1.34 to $1.19. Please note, this is for educational purposes only and should not be considered financial advice.
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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.
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.