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RE: STEEM Update: BREAKOUT!! BREAKOUT!!

in #bitcoin7 years ago (edited)

Question for educational purposes. Is that possible that it wasn't a breakout, but it's another top supporting larger downward pointing triangle? May the third part of corrective wave (C) be somewhere further in the triangle (like another bullish wick I drew)?

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Possible? Yes, but possible is not same as probable.
The b is too low marked, it should be at the next peak further right.

So is this what happened? It was a false breakout?

I don't think so. Will post update tomorrow