ADAUSDT - daily/weekly big picture view
ADAUSD could be at the end of the first 5-wave corrective move (Wave A on weekly)
Because of those 5 wave impulsive pattern, the chances are high, that we are now forming a Wave B on weekly and therefore I am expecting a Wave C with new lows and a new 5-wave impulsiv wave.
- How to validate:
If the new wave, which should be Wave B is not a 3-wave pattern, but a 5-wave pattern(impulsiv) this would give me confluence, that we are not longer in the corrective move, and we could form a new Wave-1 and therefore, I would not expect new lows.
Because of those 5 wave impulsive pattern, the chances are high, that we are now forming a Wave B on weekly and therefore I am expecting a Wave C with new lows and a new 5-wave impulsiv wave.
- How to validate:
If the new wave, which should be Wave B is not a 3-wave pattern, but a 5-wave pattern(impulsiv) this would give me confluence, that we are not longer in the corrective move, and we could form a new Wave-1 and therefore, I would not expect new lows.
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