OAX Cup and Handle Could be Done
SUMMARY
This chart shows OAX cup and handle pattern should be complete. Deep as the retracement was, the pattern remains solid and classic. Wave 2 had coincided with the handle formation, hence, the deep retrace. The subwaves of the handle formation are labeled as abc (blue). Price has also breached the upper line of the wedge and the breach looks decisive.
Subwaves provide a very good quality control of Elliott Wave labels and also allows a good “geo” positioning when counting in real time. the subwaves of the final c wave shows a likely probability of the abc being complete. The breakout wavesare also added to show the probable pathway of the first set of a tend reversing impulse.
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 shoud 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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Thanks for the info
Thanks for the info
when is the next BTC update? it's been a strange day hard to map against your last analysis
Sir 🤺🤺🤺
Coins mentioned in post:
@haejin thanks for the post
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