BITSTAMP 1h

just out of curiosity i was curious to know what kind of wave one we had... it seems wave one was a leading diagonal. leading diagonals are usually deeply retraced...

i believe the final wave v of (c) is in progress... next level is 22K which is 161.8% of wave one (typical ratio)

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(expanding leading diagonal)

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note: it's possible we could have a wave v failure i.e. market too strong to move below wave iii. as long as we can count the five sub waves it should be ok.

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as can be seen, wave v was an expanding ending diagonal...

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leading diagonals occur in wave 1 or wave A of a zig zag... so by definition, 17234 will be taken out either as wave iii (which i believe it the case since red 5 needs get moving) or as a c wave if that is what you believe... in either case the direction is the same