SmoothTrading
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since Sep 28, 2017
btcusd
chartpattern
trendanalysis
waveanalysis
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The Ⓐ down is not an Impulse, only if it is truncated which is unlikely. What's left is a ZigZag down which has to be part of a Flat/Combo/MultiZZ. The only way for this to become a valid correction then is for it to go through the Golden Zone as Ⓑ of Flat must retrace to .886 and Ⓧ must retrace to above the (B) of Ⓐ channel upper trendline (purple).
9
When seeing (A) and (B) as ZigZags the whole thing can only be a Triangle as (C) is subdividing into a complex ZigZag. The (B) doesn't go high enough for a Flat and the last wave down is not a valid 5 wave structure.
7
My Sharp Double ZigZag analysis since the March low
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