You gave an alternative scenario for BCH: IF price busts out of the triangle formation and starts moving higher, then wave 2 is done and wave 3 up would be commencing.
Can the same thing get applied here?
You gave an alternative scenario for BCH: IF price busts out of the triangle formation and starts moving higher, then wave 2 is done and wave 3 up would be commencing.
Can the same thing get applied here?
Very astute! Yes! The triangles are known to fail. If that does happen,the the abc sub waves of A (red) would complete the correction. But about 78% or so, the triangles deliver.
Thank you for your insights.