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RE: Bitcoin (BTC) Morning Update: Wedge Pattern is Still In Play!

in #bitcoin7 years ago (edited)

haejin, or anybody, i have a question..

why is this wedge on the end of the vid not possible to be a triangle ABDCE??
for contracting triangle, is has to be nicely horizontal then or why do i seem to have difficulties to separate wedges from traingles on charts... what am i not seeing here?
is there any logical guideline or can you guide me thrue the books for the answer plz?

thanks a lot!
young cryptowan learning

(edit) the inside of this wedge is easily to see as 3-3-3-3-3, so why wedge and not traingle?? thx!

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yeah ok, p51 of EW principles, it then can only occur as w4 of an impulse , wB of ABC, or in final wave X in double or triple combo... can never be otherwise?? is this correct?

for me personally it's also a language challenge :-)