TRIAS NEEDS TO BREAK OUT elliott wave
these are the two possible short term scenarios we have for TRIAS,
1. We have completed the correction, the bottom is in and it is time for a reversal, these would mean we break out of the channel and start a 5 wave impulse up, the first levels at around $4.
2. If we do not breakout from this channel right now and start to see more downside, then we MUST put in a 5 wave impulse to the downside, I would suspect we see a reversal right after that. (first wave up to 3.8)
PLEASE NOTE : trias follows bitcoin heavily and depending on what happens with btc.d (view linked idea), we may have fake outs but the overall idea would be the same
to simplify what this idea means, we either break out heavy to the upside now or we must put in another 5 wave impulse to the downside before a reversal
1. We have completed the correction, the bottom is in and it is time for a reversal, these would mean we break out of the channel and start a 5 wave impulse up, the first levels at around $4.
2. If we do not breakout from this channel right now and start to see more downside, then we MUST put in a 5 wave impulse to the downside, I would suspect we see a reversal right after that. (first wave up to 3.8)
PLEASE NOTE : trias follows bitcoin heavily and depending on what happens with btc.d (view linked idea), we may have fake outs but the overall idea would be the same
to simplify what this idea means, we either break out heavy to the upside now or we must put in another 5 wave impulse to the downside before a reversal
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