Hi all
price made higher highs, calling for a recalculation of alternate 1. Alternate 2 appears to be the more probable count.
Subminuette wave b orange = 1.05 x wave a.
Price opened below the channel this week.
IF wave 4 moves beyond the end of wave 1 in the alternate 2 count, alternate 1 will NOT be confirmed. Recent highs must be legitimately integrated into the A1 count.
Plan is to anticipate the last corrective actionary wave c.
_______
Confidence = orange channel violation
Confirmation = 1.4473
Target = green structure channel
price made higher highs, calling for a recalculation of alternate 1. Alternate 2 appears to be the more probable count.
Subminuette wave b orange = 1.05 x wave a.
Price opened below the channel this week.
IF wave 4 moves beyond the end of wave 1 in the alternate 2 count, alternate 1 will NOT be confirmed. Recent highs must be legitimately integrated into the A1 count.
Plan is to anticipate the last corrective actionary wave c.
_______
Confidence = orange channel violation
Confirmation = 1.4473
Target = green structure channel
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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.