SUMMARY
Here is ArtByte (ABY/USD). The impulse up was impressive and so has been the degree of deep retracement that followed. The symmetrical triangle pattern formation is also quite mature in time and form. Price is so close to the apex while price has been well confined within the contracting lines. What could be next? A breakout?
Look how the MACD confirms the pattern and price form. The yellow lines are near identical to the while contracting lines of the triangle! The subwaves show an ABC that has the final five waves of the C wave almost all in place except for white wave 5 which is just about, almost complete. Probability leans heavily towards a breakout.
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