if this count were correct, we could see another yellow wave {c} decline to complete wave 4 correction.
Note
gap down & island reversal
Note
short-term pattern looks like a double zigzag for wave {c}
Note
if that's the case, wave 4 could be a triangle
Note
break above 30329.1 should suggest wave {c} is in place
Note
triangle in the making ?
Note
although triangle 4 met the minimum structural requirement, it seems blue sub wave {d} is too simple, i doubt about my blue wave count maybe another wave up to complete {d] then modest decline for {e} again
Note
break above wave {b} high of 31978.1 should completely eliminate the alternative wave {d} count
Note
Note
Preferred count in blue alter count in grey
Note
break above blue wave {b} high of 31978.1 would eliminate the alter count
Note
zigzag a-b-c, where b wave is a triangle
Note
Note
wave 4 done?
Note
alternative bearish count in red
Note
Note
Note
Note
wave 4 could be ended near 38.2% retracement level
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
Email:info@ewc.space
Also on:
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.