Double Zig Zag Correction on BTC
Impulse down is rejected with that 6 hour candle close into the the wave 2 area. Normally with elliott wave rules I allow a wick into this region since this market is so leveraged but with that close the impulse down was invalidated for me. Will look for short when we approach resistance at the end of this last C And i will continue to view this as a corrective 2 wave unless we make a new high.
Note: RED ABC is cloned from previous wave. BTC cant go above wave one or trend is invalid.
(Huge amount of futures closing friday. CME and Bitmex.) Volatile by Friday.
Note: RED ABC is cloned from previous wave. BTC cant go above wave one or trend is invalid.
(Huge amount of futures closing friday. CME and Bitmex.) Volatile by Friday.
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