ETH: Maybe a drop before we go to the top ..
Blue leg 2 has currently retraced approx. 40%.
(A) An ascending triangle (brown) has formed
which may cause a break-out to the top
and the continuation of leg 3
(B) If the correction of 40% retracement
is not completed the red ascending wedge
may let it drop to 0.5 Fib or
(C) it may possibly drop to 0.618 Fib before
starting leg 3
Wait for the break-out to confirm the
direction of future price action
No financial advice
Educational purposes only
(A) An ascending triangle (brown) has formed
which may cause a break-out to the top
and the continuation of leg 3
(B) If the correction of 40% retracement
is not completed the red ascending wedge
may let it drop to 0.5 Fib or
(C) it may possibly drop to 0.618 Fib before
starting leg 3
Wait for the break-out to confirm the
direction of future price action
No financial advice
Educational purposes only
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