Are we on an upward C wave?
We are in a B wave . The B wave is itself a flat pattern. Part b of B is a divergent triangle. And we seem to be in the form of a C wave at wave 1 and 2 of a terminal impulse. Goals of 40,000 to 46,000 can be achieved in the form of C wave.This analysis will be invalid if wave 2 passes through the end of wave e of the triangle(28805).In line charts, the limits of the waves can not be accurately determined for NEoWave analysis. Labels are limited. For example, the e wave ends at 28805.
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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.