As shown on this chart, wave 3 is rarely obvious at its inception (in addition, volume is heavy).
Wave degree:
Primary: Wave 3 (larger degree),
Intermediate: Wave 3,
minor: Wave 3,
Structures:
Wave 1 = Corrective rally,
Wave 2 = Impulsive decline,
Wave 3 = Time will show (Personally: Impulsive rally)
Note
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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.
Related publications
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.