I have identified a finished zigzag in a long-term wave 4.
Why I think the Zigzag is finished and the higher-degree trend is ready to resume?
We have seen a waves A and C which clearly subdivide in five waves. The wave 5 in wave C appears to be truncated which is very rare, however, given the wave 3 extreme course, I still give high probability to this wave count.
Furthermore, we have seen a sharp reversal from the 31k lows with an impusive nature and a choppy pullback in a channel afterwards. Moreover, morning star candlestick formed on daily timeframe, which is primarly a reversal pattern. Lastly, we have seen a break above 34k zone which now acts as a support. All these factors elevates probability of at least local bottom thus a move at least to 42k. There price will tell us the next course.
This idea is invalidated if price breaks the 31k level and is less probable when we get a close below 33k.
Why I think the Zigzag is finished and the higher-degree trend is ready to resume?
We have seen a waves A and C which clearly subdivide in five waves. The wave 5 in wave C appears to be truncated which is very rare, however, given the wave 3 extreme course, I still give high probability to this wave count.
Furthermore, we have seen a sharp reversal from the 31k lows with an impusive nature and a choppy pullback in a channel afterwards. Moreover, morning star candlestick formed on daily timeframe, which is primarly a reversal pattern. Lastly, we have seen a break above 34k zone which now acts as a support. All these factors elevates probability of at least local bottom thus a move at least to 42k. There price will tell us the next course.
This idea is invalidated if price breaks the 31k level and is less probable when we get a close below 33k.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.