One possible scenario that is looking more possible each day.
The climb from 3655 looks corrective with overlapping waves.
Thus it fits more of an ABCDE correctiion than 12345 Impulse.
Each leg up was a 5-wave Impulse, common enough.
Each rise was met by an ABC correction, also normal.
Second rise (B to C) had lowest gain, ruling out Impulse.
Alternative View:
My plotted ABCDE 'could' be a 12345 in the making, as in:
the plotted X-A could be wave 1,
the plotted A-B could be wave 2,
the plotted B-E could be wave 3,
with a wave 4 down and wave 5 up to come?
In either scenario a downturn right now, or very soon, becomes highly likely.
The climb from 3655 looks corrective with overlapping waves.
Thus it fits more of an ABCDE correctiion than 12345 Impulse.
Each leg up was a 5-wave Impulse, common enough.
Each rise was met by an ABC correction, also normal.
Second rise (B to C) had lowest gain, ruling out Impulse.
Alternative View:
My plotted ABCDE 'could' be a 12345 in the making, as in:
the plotted X-A could be wave 1,
the plotted A-B could be wave 2,
the plotted B-E could be wave 3,
with a wave 4 down and wave 5 up to come?
In either scenario a downturn right now, or very soon, becomes highly likely.
Nota
Update on developments in the detailed chart (left side) .
the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.