ABCDE Pattern Verification Ethereum all time history indexINDEX:ETHUSDafridi465The chart shows a Contracting Triangle structure (ABCDE), which is a valid Elliott Wave corrective pattern. Waves A, C, E are downward corrective waves, and B, D are upward corrective waves. Each leg appears to subdivide into a 3-wave structure (zigzag/flat) which is mandatory in triangles. Wave E seems to have perfectly touched a support trendline and reversed sharply upward, confirming the triangle’s end. Breakout Confirmation: ETH has broken out of the upper triangle resistance line, confirming a bullish breakout. The breakout is accompanied by a volume spike—this adds credibility. First Target: $4,868 (Previous ATH Resistance) Main Target (Fib Extension/Measured Move): $8,454 This target is logical as Wave 5 after a triangle often equals Wave 1's length projected from Wave E. It also aligns with psychological resistance (near $8k). Professional Verdict: The ABCDE triangle is valid and effective. The breakout confirms the start of Wave 5 impulsive rally. Targets: $4,868 (short-term) → $8,454 (macro target). Expect 3 steps (A-B-C style) in the final wave due to timeframe exhaustion but with strong upside potential. Do you want me to provide my TA so join my newly start community for free... for contact u must msg me here so i will share details..... enjoy this