EthanZurka

Diminishing channels in Elliot wave on correction

Corto
COINBASE:BTCUSD   Bitcoin
I've only been doing this for a few weeks so maybe some noob eyes are useful?? It seems to me that there is a main channel and then a sub channel top & Bottom that is being followed. I'm pretty sure I counted the first 5 waves correctly using the narrowing path of each wave makes it more clear. I'm assuming there was an ABC at the end of wave 5 which mt chart shows but really I'm too inexperienced to know for certain. What I do know is that impulse wave 1 of the next set seems to widen, yet to an exponential smaller degree than the original impulse wave. Perhaps an expert will say I have a keen eye or maybe I'm just imagining things.

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