Triangles are an excellent pattern to watch for. They are trend continuation patterns, always occurring before the final move in a larger term wave sequence. Here in AUDCHF we have a very clear triangle pattern, consisting of 5 subwaves, labeled abcde. Each of the five subwaves further breaks down into a 3 wave pattern, labeled (a)(b)(c). This is a perfect example...
Bitcoin outlook: We are tracking an ABC flat correction that is nearing completion. We are currently in wave 5 of (C). We are watching for a small bounce, then one last push down to an area of Fibonacci confluence around the $20,000 - $24,00 area. We expect price to reverse at that level, beginning the final bull wave of the larger term wave sequence.
We focus on...
