DENT: Prettiest Impulse Waves

SUMMARY

DENT/BTC is showing the prettiest, most exemplerary five wave up (blue)! The proportions are perfect and the subwaves (not shown) fit exactly like hand to glove. The resulting correction is labeled as a WXYXZ complex sequence as shown in the below chart.

Check out the basin phase (blue rectangle). Price is about done with that stage and even with a minor decline, the blue wave impulse sequence should hold valid. The rounded price formation should also reach towards symmetry and that means about equal to the most recent X wave. The MACD has not yet broken out of its symmetrical pattern and should do so to the upside very soon; given how close it is to the apex.

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.

Please consider reviewing these Tutorials on:
Elliott Wave Counting Tutorial #1
Elliott Wave Counting Tutorial #2
Elliott Wave Counting Tutorial #3
Laddering and Buy/Sell Setups.
Laddering Example with EOS
Tutorial on the use of Fibonacci & Elliott Waves
@haejin's Trading Nuggets
Essay: Is Technical Analysis a Quantum Event?

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Thanks for the great info. I am learning more each time I watch one of your readings.

Definitely seeing DENT up trending again very very soon! GREAT POST MY FRIEND!

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thanks @haejin, Im having troubles with GRS/USD . can you please give me a hand?
how does this look?

https://www.tradingview.com/x/mxufO1kh/

Amazing post here love it. Thanks

Hi Haejin,

I just noticed that wave 2 has moved below the starting point of wave 1. Does this invalidate the 1-5 impulse wave in your opinion? I'm still a beginner when it comes to Elliott Waves, so please bear with me.

your post is really great gor money.

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