V major waves down since October, in each impulsive wave 5 wave
This is a continuation of the Wave counts I have been doing here for over 2 years. Having completed 5 waves down, which conform to elliot rules (look closely to the wick wave 4 does not cross into wave 2, wave V goes beyond wave III) etc. We have completed wave A UP and now looking to go down on wave B.
Trade active
"Wave III" looks like Wave !!! but it is roman numeral 3. The more major waves of 3 kinds of waves on the chart... In a monthly time frame we are still in wave 3 down.All 3 levels of waves shown here have completed wave 5.. If we can break down through the yearly pivot we should sail down for a while...
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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.