Long term to short term EW count and levels (kudos to GoldBug1). On the greater scale, EW count paired with Fibonacci levels show possible retracement of wave 3 (red) little below 5900 level.
EW count on the larger scale reveals itself, but it is harder to do smaller fractals as retracements are small in size and time frame so it seems that W3 (purple) is 3.618 extension of W1 (purple)
EW count on the larger scale reveals itself, but it is harder to do smaller fractals as retracements are small in size and time frame so it seems that W3 (purple) is 3.618 extension of W1 (purple)
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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.