WINGS: Wedge Fractals

in #wings4 years ago

SUMMARY

WINGS/BTC has an attractive bullish setup. the first wedge (larger) is complete and confirmed as price breached out decisively. The breakout out did not go too far before setting up another downward wedge and it's a fractal of the first and it's saying it's ready to breach at any moment and give birth to an impulse!

This chart shows the Elliott Wave pathway to higher highs. The second wedge is wave 2 of the impulse and it's either already complete or is about to as breach of upper white line is in progress. The onset of wave 3 should provide the higher high and 4,5 the higher highs needed to confirm a solid trend reversal.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
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Tutorial on the use of Fibonacci & Elliott Waves
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