Hi traders,
As published in my last update, we were expecting this rally to start leg (c) of flat. Here I share the daily view again for your reference:
Now, as shown in this 15min chart, we have completed waves (1), (2), (3), and (4) of A and we will soon complete (5) of A of 1 of (c) of b [flat correction].
I see 3853.25 as a potential target for this wave (5).
As published in my last update, we were expecting this rally to start leg (c) of flat. Here I share the daily view again for your reference:
Now, as shown in this 15min chart, we have completed waves (1), (2), (3), and (4) of A and we will soon complete (5) of A of 1 of (c) of b [flat correction].
I see 3853.25 as a potential target for this wave (5).
Note
Wild action overnight. Based on this price action, I now prefer the second scenario that I outlined in a previous analysis last week, that we have already completed wave b of Y. Daily view:
Hourly view:
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.
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.