As shown on this chart,
I) Wave B > Wave A ----> Wave X should be a flat wave.
As a result, subdivision of wave A & B can be in any corrective "3 waves structure" ("B" waves have a count of 3 (move in 3, but, never in 5 !))
II) Impulse waves have a total count of 5
Take a good look, what do you see? a 5-waves structure (Wave B).
III) As shown on this chart, (if you see what I mean) wave x differs from Flat in the subdivision of the wave B !
Conclusion (I, II, III):
These formations (labelled as ABC) are analogous to the extension of an impulse wave and, therefore, the most likely result here is that an uptrend must be in progress.
I) Wave B > Wave A ----> Wave X should be a flat wave.
As a result, subdivision of wave A & B can be in any corrective "3 waves structure" ("B" waves have a count of 3 (move in 3, but, never in 5 !))
II) Impulse waves have a total count of 5
Take a good look, what do you see? a 5-waves structure (Wave B).
III) As shown on this chart, (if you see what I mean) wave x differs from Flat in the subdivision of the wave B !
Conclusion (I, II, III):
These formations (labelled as ABC) are analogous to the extension of an impulse wave and, therefore, the most likely result here is that an uptrend must be in progress.
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You do not really understand something unless you can explain it to your grandmother (Albert Einstein)let me explain! :)
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my vision is clear nowNote
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28 Dec 2022 (BTC= $ 16637)Buy signal (people are people)
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Apr 26 2022 (BTC = $ 40462)Sell signal Target (17k -20k)
Trade active
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w e w i l l s e e !Note
Update: No comment!a good author doesn't say more than what he has thought.
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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.