Bitcoin - Classic Flat-Screaming for 72000 Target Upside

21 Jun

Elliott Wave Flat Sequence with Wave C Ending Diagonal
In Elliott Wave Theory, a flat sequence typically consists of three waves: A, B, and C. The pattern is generally labeled 3-3-5, indicating the wave structures.

Wave A: A corrective three-wave move.
Wave B: Another three-wave corrective move, often retracing Wave A by 90% or more.
Wave C: A five-wave move, which can unfold as an ending diagonal.

An ending diagonal in Wave C indicates a slowing momentum, often signaling a reversal. The ending diagonal structure usually forms a wedge pattern, tapering towards the end. This setup is crucial for identifying potential turning points in the market.


Buying Trigger Above
66457

Target
71993


From WaveTalks
Abhishek