today. However it also seems to have printed a leading diagonal. A leading diagonal tends to retrace very deep. Today it broke past the neckline on a rule of 4 Breakthrough. It is knocking on another trendline too. The primary count shows a wave (2) retracement of 61.8. The alternate count is a 1-2, 1-2.
Note
Micro count with 3 possible counts. First two is a retracement of 50% and trendline holding. Third is a retracement of 61.8%Note
Note
Looks like a triangle is being formed.
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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.