Quality Wave Setup

23 Sep

• Elliott wave analysis, as a method and tool, advocates a bullish outlook as it is difficult to find a substantial bearish alternative within the 73777-49000 range.
  
• The Triple Three correction exhibits near-ideal ratios and alternation of wave patterns within.
  
• The Triangle in Wave [z] can be considered either complete (minimum conditions are met) or incomplete as long as the price remains below 65000. The latter scenario would be more favorable, as it would provide an opportunity to re-enter the market for this year's final rally.