DENT: Prettiest Impulse Waves

SUMMARY

DENT/BTC is showing the prettiest, most exemplerary five wave up (blue)! The proportions are perfect and the subwaves (not shown) fit exactly like hand to glove. The resulting correction is labeled as a WXYXZ complex sequence as shown in the below chart.

Check out the basin phase (blue rectangle). Price is about done with that stage and even with a minor decline, the blue wave impulse sequence should hold valid. The rounded price formation should also reach towards symmetry and that means about equal to the most recent X wave. The MACD has not yet broken out of its symmetrical pattern and should do so to the upside very soon; given how close it is to the apex.

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Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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