If the pitchfork holds, turning up this proposed wave 2, a last 5 wave impulse could occur in BTCUSD . If the pitchfork gets broken and the E triangle wave is taken out, then this count is invalidated.
BTCUSD getting ready for another weekly bullish engulfing candle.. The chart does not need much more words...
Fib relations in the WXY, wave 4 retrace. The fib relations I found on this probable WXY correction, inside each 3 wave structure. W: 0.786 X: 1 Y: 1.272 Welcome to wave 5.
Well looking at this impressive pitchfork we could argue that the euro has been doomed to fail since the 2008 crisis... At the present moment the euro seems to be trying to break this Shiff's Pitchfork upper line.. Will it have strength to do it?
The % gains were calculated from the break of the 0.5 fibonacci level of the bear market up to the new high. The red and green colours mark the break of the 0.5 and the break of the bull market highs.