RentBerry (BERRY): A Bull Wick Event Can be Expected

SUMMARY

The chart of RentBerry (BERRY/BTC) is patterning out an obvious symmetrical triangle. One easy way to identify patterns is to draw llines across the tops and bottoms of price bars, as shown by the blue lines. Symmetrical triangle represent points of indecision and is also used as an extended consolidation phase.

The correction is labeled as WXY (blue) or a double combination type. It is almost linking two fractals within the symmetrical triangle which is labeled as ABCDE (white). Look how close the price is to the apex. There is also a bull wick event could occur before a probable price turnaround. The volume of the two fractals also decline prior to the breakout.

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Elliott Wave Counting Tutorial #1
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Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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