Maxknew

Maxknew

Bullish Contracting Triangle in EW.

Maxknew

Not usually so much interest for BitCoin but this is EW bullish contracting triangle with small 5 min degree.

Maxknew

ElliottWave Ending Diagonal, ready to head lower. At least reasonable size IV wave should be under progress. In next larger degree not marked to the chart it is possible IV is missing for upside, but at least for several weeks if not a month this should be bearish sign for most car makers.

Maxknew

Expecting Y impulse.

Maxknew

Y impulse to come. With larger degree this can be much more complex than this, since it is possible it also traded peak with 3 waves instead 5 waves. 50 % and 61.8 retracement from high should be safe. Note positive divergences - they have been building since July 2013.

Maxknew

Starting a new impulse wave. Note that EW contracting triangle e wave was already complex, while only one of those waves inside of contracting pattern can be complex fifth wave should be running now. This is daily chart, but contracting triangle appears also in monthly chart. Upcoming QE Japan to power this.

Maxknew

ElliottWave Contracting triangle ending IV position in weekly chart. Contracting pattern can be seen with daily TF as well. Should Go. Consolidation starts to be over.

Maxknew

Bought based for EW contracting triangle. Actual waves market yesterday in my twitter feed chart.

Maxknew

1) Rising Divergence 2) Leading Diagonal on bottom 3) Bullish Gartley (W2) 4) Inverse HS / Cup & Handle The red circle pinpoints bearish contracting triangle suggesting W4 in previous downside impulse ended on there, where final swing as W5 down starts.

Maxknew

W3 candidate