I spent the last few weeks out of trading as I attempted to identify the start of an ending diagonal based on what I saw on lower timeframes in anticipation of the [A[]][B[]][C[]] flat. With the decline that happened last week, I am now open to three alternatives.
Black Labels [A[]][B[]][C[]]. Wave [C[]] is an expanding diagonal with wave b already completed. Expanding diagonal case looks stretched to my eye.
Colour labels - base case. We have just completed wave (2) of the contracting diagonal. It looks a bit too deep, though. Wave [C[]] dwarfs wave [A[]]. Not good.
The orange case is expanding diagonal and is in its final stage. Again wave [C[]] looks disproportionally big to wave [A[]].
Neither is perfect.
Black Labels [A[]][B[]][C[]]. Wave [C[]] is an expanding diagonal with wave b already completed. Expanding diagonal case looks stretched to my eye.
Colour labels - base case. We have just completed wave (2) of the contracting diagonal. It looks a bit too deep, though. Wave [C[]] dwarfs wave [A[]]. Not good.
The orange case is expanding diagonal and is in its final stage. Again wave [C[]] looks disproportionally big to wave [A[]].
Neither is perfect.
➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
➡️t.me/charta_energeia — regular Elliott Wave and trend analysis on Oil, Gas, and Crypto.
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.