Bitcoin, Ethereum, EOS: How “Truncations” Alert You to Big Trend Changes
September 13, 2019 8:01 pm
You know the basic Elliott wave pattern: 5 waves in the direction of the trend followed by 3 waves against it. But sometimes, wave 5 is so weak that it doesn’t move beyond the end of wave 3. It’s called a “truncation,” and it warns you of trend reversals.
Learn How the Wave Principle Can Improve Your Trading
You know the basic Elliott wave pattern: 5 waves in the direction of the trend followed by 3 waves against it.
But sometimes, wave 5 is so weak that it doesn’t move beyond the end of wave 3. It’s called a “truncation,” and it warns you of trend reversals.
Learn How the Wave Principle Can Improve Your Trading
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