(I don't know if this should be in the crypto or trading forum.) Well we broke the triangle and are now completing the ABC correction. This is just the basic labelling. You can see the full TA and projection here: https://community.shareyourcharts.com/t/btcusd/21/2?u=darthtrader
There is no ABC abc 123 correction / continuation. Full explanation here: price is moving sideways in whatever manner/fashion/pattern. You could widen the rectangle vertically if you want to.
That's hardly a full explanation...all you've done is put a rectangle around it I explained in the link what happened, why, and where it could be going.
Good point. That's how I analyze; simple rectangle thing vs ABC 123 abc xyz with rays and Gatley butterfly and arcs and lines and fibo there and there thing. I drew those ABC 123 abc xyz with rays and Gatley butterfly and arcs and lines and fibo there and there about 3 decades ago. I have since cleansed my mind from those things. Happy using Elliott's theory and those rays and fibos.
yes trangles become rectangles and rectangles become diamond. if you want to trade short term you need to understand probability not bloody fib /elliot or gann or order flow
Probability of what? How short term? I didn't see you posting any charts with your projections. None of you do because you don't have a clue how to chart, so you don't have a clue how to trade.