From my experience, the up and down patterns formed by the price movements of the market, called Elliott Waves, are unpredictable in themselves. In practice there are simply too many possible ...
Descending Wedge: DOT is breaking out of a falling wedge pattern. Elliott Wave Structure: A W-X-Y-Z corrective wave is likely to be completed. Fibonacci Resistance ...
Elliott Wave correction completed, signaling potential trend reversal. A bullish breakout is forming as the price challenges resistance levels. RSI is neutral with upside potential and is supporting a ...
In essence, Elliott Waves describes price movements as alternating between impulsive phases that establish the direction of the trend and corrective phases that oppose the direction of the trend. It ...