Summary : In This scenario we would more
bearish and could bring us towards the 3000's if this is the count .
Channeling :
Base channel : Had the right slope
Temp : Not the best but we did come over the median
Final channel : Broken below
Strengths : We had Alternation. Wave 5 had a distinct reaction at the extension from (0-1-4) at the "0.382".
We have the Divergence. The impulse played very well into the "Pitchfork" which we are now
breaking below.
bearish and could bring us towards the 3000's if this is the count .
Channeling :
Base channel : Had the right slope
Temp : Not the best but we did come over the median
Final channel : Broken below
Strengths : We had Alternation. Wave 5 had a distinct reaction at the extension from (0-1-4) at the "0.382".
We have the Divergence. The impulse played very well into the "Pitchfork" which we are now
breaking below.
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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.
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.