Wave count invalid if price crosses the blue line without crossing BUY line.
(And ofc if it goes down due to a higher degree count being invalid)
(And ofc if it goes down due to a higher degree count being invalid)
Note
Did not work out quite as expected but hey - worked out fairly well :)I could count this both bullish and bearish, if someone is still in trade consider exiting on the first sign of downtrend strength, or if the price goes below the white line of fib channel
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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.