It was tempting to short it shy of the Fibonacci level ... In all likelihood, an A-B-C pattern down (a three-wave Elliott pattern), and then a rally. Since this was intended as a short-term ...
First things first: who invented this technique? It wasn’t the main character of Mr. Robot but Ralph Nelson Elliott, an American accountant who worked in Central America in the 1920s. While he ...
This would then be the larger Elliott wave picture: If my five down on the ... I have marked the Fibonacci 50% and 62% levels of the big rally off the March major low, which are natural ...
Related Reading: CME Gap Threatens Bitcoin With Potential Drop To $77,000 – Analyst The analysis, which is rooted in Fibonacci levels and Elliott Wave theory, offers a long-term bullish outlook ...