Overview: in the update of yesterday, we expected that "we are in wave (C) of 5 of c of (y) of b. Note that if we lose the ascending channel, the chances are high that we have peaked, either to make an X and a third zigzag or to initiate the next bearish leg."
Update: we did not make a higher high and lost the ascending channel, signaling that the peak for (y) of b is set. Now, what I expect is that we have completed a second (x) and will go higher to complete a third zigzag and set the top for wave b.
Again, if we lose the ascending channel, it means wave b has completed as a double zigzag and we have initiated leg c.
Update: we did not make a higher high and lost the ascending channel, signaling that the peak for (y) of b is set. Now, what I expect is that we have completed a second (x) and will go higher to complete a third zigzag and set the top for wave b.
Again, if we lose the ascending channel, it means wave b has completed as a double zigzag and we have initiated leg c.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.