Apex is getting tested.
Note
So we broke the Apex from downside.do we retest it from the upside?
W2 was a simple correction classic ABC Zigzag 5-3-5
Rule of alteration would assume that W4 is a complex pattern out of 2(or3) corrective patterns connected by a x-wave
I assume a traingle then bulltrap with a x-wave followed by a zig-zag that tests the apex. Much hypothesis ... I know.
but this would fit very good to the fibonacci-clustering in that area too. ( 0.382 of W1to W3 and 0.5 of W2 to W3
Note
0.618 of W2 to W3 i mean
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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.