$RUNE to break upper trendline for Double Extension 5th Wave

price action relates to two impulse 5th wave extension in Elliot Wave.

1. A Typical 5th Extension where the 5th wave stays under the trendline then make it corrective waves, or
2. A Double Extension impulse where it breaks the upper trendline to a max of 261.8% Fib.

Somehow it did however showed some characteristic of Double extension during wave 3, finishing above 1.618% , with wave 5 just under 161.8% of wave 3.

Breaking the upper trendline will confirm its structure.

Moreover did retraced a significant amount around 31% after wave 3, and ended in a c-wave failure.

Some caution though, as extended 5th wave will often break the upper trendline only to quickly retrace 61.8% - 95% of the entire 5th wave.

Interesting to see how this will play out as most of the its run is contributed by a great product market fit, by means of cross-chain Decentralized Exchange using Streaming swaps of native BTC, ETH.

ノート

Still no impulsive correction for , still on trend.