Since we have entered the LR200 we have made two clear legs up as drawn with the Fixb Extension.
Currently the LR50 is downward indicating a correction before our 3rd leg up. My entry is based on the 2.B position of the numerical ordering of wave theory.
1 - Impulse
2 - Corrective
3 - Impulse
4 - Corrective
5 - impulse
A. B and C are part of a correction of waves 1 - 5 in a bigger wave on a larger time frame.
This is the Elliot wave summary for all my novice traders.
Currently the LR50 is downward indicating a correction before our 3rd leg up. My entry is based on the 2.B position of the numerical ordering of wave theory.
1 - Impulse
2 - Corrective
3 - Impulse
4 - Corrective
5 - impulse
A. B and C are part of a correction of waves 1 - 5 in a bigger wave on a larger time frame.
This is the Elliot wave summary for all my novice traders.
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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.