If that X zone on $ETH is really a triangle, it changes the read pretty hard — the whole move off June's low starts looking corrective, not impulsive.
Triangles don't show up as wave 2 on their own, and the overlap with that earlier ABC run kills the clean five-wave impulse case. So we're probably looking at a W–X–Y complex correction instead of the start of a real sustained advance.
Nothing's locked until price confirms. Structure gives you odds, not certainty. Stay patient, watch the levels, and let the market show its hand before committing heavy.
Triangles don't show up as wave 2 on their own, and the overlap with that earlier ABC run kills the clean five-wave impulse case. So we're probably looking at a W–X–Y complex correction instead of the start of a real sustained advance.
Nothing's locked until price confirms. Structure gives you odds, not certainty. Stay patient, watch the levels, and let the market show its hand before committing heavy.
