Tech idea :
Probability here is we are in the
development of wave 2 from our wave 1 impulse
Wave 2 - Zig zag /// Sharp
Wave 2 - 0.382x wave 1
Wave 3 - 2.618x wave 1
wave 4 - Double zz // Style : Sideways
Wave 4 - Doesn't even meet 0.146x wave 3
Wave 5 - 0.382x 1-4 ( Ending Diagonal )
Strengths : Strong impulsive 3rd wave showed divergence for the 5th wave confirmation
Weaknesses : Wave 4 doesn't even touch 0.146x which again leads me back to this possibly being a continued
"Wave 4 correction".
Now "Time Fibonacci wise" we haven't even
touched 0.236 so if this is the "Wave 2" this correction is ongoing in confluence our 2nd wave hasn't even touched "0.236x"
Summary : Honestly I wanna see more from the market in this stance
, showing confirmation or any signal its following this count.
Probability here is we are in the
development of wave 2 from our wave 1 impulse
Wave 2 - Zig zag /// Sharp
Wave 2 - 0.382x wave 1
Wave 3 - 2.618x wave 1
wave 4 - Double zz // Style : Sideways
Wave 4 - Doesn't even meet 0.146x wave 3
Wave 5 - 0.382x 1-4 ( Ending Diagonal )
Strengths : Strong impulsive 3rd wave showed divergence for the 5th wave confirmation
Weaknesses : Wave 4 doesn't even touch 0.146x which again leads me back to this possibly being a continued
"Wave 4 correction".
Now "Time Fibonacci wise" we haven't even
touched 0.236 so if this is the "Wave 2" this correction is ongoing in confluence our 2nd wave hasn't even touched "0.236x"
Summary : Honestly I wanna see more from the market in this stance
, showing confirmation or any signal its following this count.
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.
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.