CrediBULL Crypto
CrediBULL Crypto|Aug 15, 2026 23:05
This would be the ideal structure for our 2nd wave, but this is just one of a few possibilities. Note that our impulse took about 10 days to complete, so if we are working on our Wave 2 right now the expectation is that it will take just about as long if not a bit longer to complete and it has only been 3 days of correcting thus far. If our bottom is somewhere in the blue range zone below, then that means downside from current levels is relatively limited- but with only 3 days of corrective PA so far a flat correction (expanded flat pictured) would make a lot of sense. We also have equal/untapped highs just above .29, so moving up in a corrective manner and sweeping those would almost guarantee that we have a flat correction playing out. If we tap the bottom zone BEFORE moving up to the highs I would assume we see a running flat, if we move up to the highs BEFORE testing the bottom zone I'd assume an expanded flat (as pictured). Finally if we move up impulsively, we can assume that the correction is over "early". While there are a few ways this can play out, as more PA develops we will be able to narrow down the possibilities which will allow us to act on this information with higher confidence. ethereum:0xd533a949740bb3306d119cc777fa900ba034cd52(CrediBULL Crypto)
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