Triple combination
I reckon the move up from Sep 22 was corrective. Made some minor changes to my count in my last post, but the general picture is still the same. I label the move as a triple combination as depicted in the chart.
Flat (W) - zigzag (X)- Zig Zag (Y) - triangle (X) - triangle (Z).
A triangle may be in the making and I will label this move as A, with B, C, D and E, to come, before heading down.
Flat (W) - zigzag (X)- Zig Zag (Y) - triangle (X) - triangle (Z).
A triangle may be in the making and I will label this move as A, with B, C, D and E, to come, before heading down.
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.