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RE: Crypto Academy Week 14- Homework Post for Professor @fendit on Elliot Wave Theory (EWT)

in SteemitCryptoAcademy4 years ago

There was little price consolidation before wave 3. During this consolidation, price neither broke the high of wave 1 nor the lows of wave 2. There was consolidation within the range and EWT pattern wasnt violated because price didn't reach the low of wave 2. Market consolidate sometimes before big moves like wave 3.
Meanwhile, thank you for your response. I will find a better example next time.

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