Hi all,
Here is the modified count for alternate 2. Instead of a regular flat, price managed to put in highs well beyond start of wave a orange. Therefore current structure development for minute wave 4 green could be a running flat.
Invalidation = 1.44744
Here is the modified count for alternate 2. Instead of a regular flat, price managed to put in highs well beyond start of wave a orange. Therefore current structure development for minute wave 4 green could be a running flat.
Invalidation = 1.44744
Note
*count invalidated*Note
As price action develops its structure. I will assimilate current structure development with this count. A deeper retracement (that may not move beyond the end of wave 1 green) may be an expanded flat. For this to be confirmed, I must observe the unfolding of a legitimate motive structure development at subminuettte degree orange.
Note
*Alternate 2 INVALIDATED* Wave 4 may not move beyond the end of wave 1
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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.