WINGS: Wedge Fractals

SUMMARY

WINGS/BTC has an attractive bullish setup. the first wedge (larger) is complete and confirmed as price breached out decisively. The breakout out did not go too far before setting up another downward wedge and it's a fractal of the first and it's saying it's ready to breach at any moment and give birth to an impulse!

This chart shows the Elliott Wave pathway to higher highs. The second wedge is wave 2 of the impulse and it's either already complete or is about to as breach of upper white line is in progress. The onset of wave 3 should provide the higher high and 4,5 the higher highs needed to confirm a solid trend reversal.

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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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