MFTUSDT Potential EWT Zigzag (5-3-5) correctionPotential Elliott Wave Zigzag (5-3-5) correction.
• Zigzag is a corrective 3 waves structure labelled as ABC
• Subdivision of wave A and C is 5 waves, either impulse or diagonal
• Wave B can be any corrective structure
• Zigzag is a 5-3-5 structure
Fibonacci Ratio Relationship
• Wave B = 50%, 61.8%, 76.4% or 85.4% of wave A
• Wave C = 61.8%, 100%, or 123.6% of wave A
• If wave C = 161.8% of wave A, wave C can be a wave 3 of a 5 waves impulse. Thus, one way to label between ABC and impulse is whether the third swing has extension or not-
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Mainframe
Mainframe Hidden Bullish Divergence Can Lead To...We are looking at the hidden bullish divergence between MFTBTC and the MACD.
First, here is the MACD, notice the purple line (lower lows).
- There is also a young bullish cross and the histogram going green.
Now, look at MFTBTC, notice the purple line (higher lows).
Can you see it?
That's the signal.
Note: Spotting certain bullish signals have no real meaning/value when it comes to trading...
The market is unpredictable and can always change.
What these signals can be used for is to support the action, buying or selling, that you will take/make.
Feel free to hit LIKE now to show your support.
Namaste.
