This is a 12 Months chart, here we clearly see that the 5 Wave upward Impulse is complete then the downward Correction is complete.
This signifies that now the most awaited WAVE 3 is about to begin; we will further go into the Lower Degree to understand the movement at the lower levels.
This is a 6 months chart here we see there is WAVE 1 and 2 formed we will verify them in the further lower timeframes.
The Waves in the 6 months chart are verified as per the Weekly chart. We see a 5 Wave Upward impulse complete and then we have a complex correction formed which has a Zigzag (Blue) A Triangle (Orange) as an X Wave and A Triangle (Blue) which completes the Double Three Correction structure. Now starts the Impulse again as this Impulse starts after the Triangle hence this is supposed to be the one with maximum Volume.
This is a Weekly chart e see an Upward impulse complete, therefore we will have a Correction here now, lets verify the same in the Lower Degree;
We are verifying The Weekly chart Waves as per the 4H chart, We have verified every Wave one by one, We have a Wave 2 showing a Simple Correction therefore as per The Principle of Alternation we have a Complex Correction in Wave 4 which is a Double Three; please check the picture for detailed understanding.
Lets summarize to be sure where we are exactly heading.
We are in the Impulse Move trying to find an opportunity, we see Wave 1 (Leading Diagonal) Wave 2 Simple Correction Wave 3 Extended Wave Wave 4 Complex Correction ( Double Three ).
Here we have verified that the Upward Impulse Move of 5 Waves is complete and now the Temporary Correction will start which is the WAVE 2 in the Higher Degree that is Weekly and Monthly charts;
This is a Wave A (Flat), Wave B (ABC); So we see that the Wave B has closed above the start point of Wave A; therefore we know that this structure is a Flat; Therefore Wave C expected to be a 5 Wave downward Impulse;
This is the Wave 1 of the downward Impulse; after this we will have a Wave 2 which will be either a Simple or a Complex Correction structure.
This is the Wave 2 forming which is a Flat where Wave A is a upward ABC Correction structure Wave B is a downward Zigzag and it retraces Wave A more 78%; check the picture below to have a clear understanding;
So Wave B is a Flat in which Wave A and B are complete and Wave C which is going to be an Upward Impulse will form.
Once this 5 Wave Impulse is complete then we will have Wave 1 (Downward) and Wave 2 (Upward) complete, and Wave 3 is our Wave to encash.
So here we are expecting after the Correction Wave 2 is complete then the Wave 3 of the downward Impulse will start. As per the Fibonacci Extension Tool we can find the distance the Wave 3 can cover; generally any Impulse irrespective of Upward or Downward reaches the extension percentage of 161.80% of Wave 1 hence we are expecting the same in this case as well.
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This is my first Analysis I am posting; please consider me as a learner and suggestion and comments are more than Welcome
Thank you for your attention!