Simple application of harmonics/channeling. Essentially (or similar) to
a wave 4 in EW. Ride to 5, and look for the corrective turn back down.
Up and back!
a wave 4 in EW. Ride to 5, and look for the corrective turn back down.
Up and back!
Note
Additional note: Price (reversal) tends to move rather "briskly" from pt 5 of a diagonal (of which this is one).
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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.