ETH Elliot Wave counts in notes. Everybody is wrong.

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Hear me out.

I’ve been thinking the price action would take that $3450 giant wick low low on ETH. I originally thought we were in an ABC correction and that we were going to go lower — but I couldn’t quite rectify this double top.

Triangles always get my attention because we know they only form in B waves, D waves, or 4th waves — which makes them a dead giveaway of a corrective pattern. but Barrier triangle really get my attention because they print as a cipher for a liquidity sweep for later. ITS SO OBVIOUS! Triangles ARE the cipher of Elliott Waves; they reveal where we are in the broader structure.

But here’s what changed my view: I no longer think we’re in a simple ABC. Looking at it again, I believe we actually formed a W–X–Y–X–Z, which is literally a barrier triangle.

If that’s the case, then I think we go up and take it — that double top. Whether that move takes us to a new all-time high, I’m not sure. But given how massively corrective this entire structure has been, I think it’s very possible.

read nots for details

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loaded up at 3988

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its a WXYXZ pattern.

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OR ITS THE B TRAINGLE TRAP
This is what i have been seeing for the last 4 weeks. ABC with much further down. this scenario makes sense for the bigger trend getting to a discount. for a Wycoff top to play, for htf ma's to caught up, the state of the world. ect. there are a lot more reasons to go down than to go up. but that eq high was bugging me. not sure which is going to play.