I believe that we finished our 5 waves in Feb 2020, completed an A wave correctional wave with the COVID selloff, headed to current levels in the B wave.
In my humble opinion, we could be in an expanded flat corrective ABC waves. If this count is right, what comes after B wave? Yes - C wave.
Here are the normal Fibonacci Ratio Relationship for an expanded flat ABC corrective waves.
• Wave B = 123.6% of wave A
• Wave C = 123.6% – 161.8% of wave AB
Disclaimer: No one (among human beings) really knows what will happen in the market. This analysis is merely my interpretation of the current price action. Please invest/trade at your own risk, with a reasonable risk management system.
In my humble opinion, we could be in an expanded flat corrective ABC waves. If this count is right, what comes after B wave? Yes - C wave.
Here are the normal Fibonacci Ratio Relationship for an expanded flat ABC corrective waves.
• Wave B = 123.6% of wave A
• Wave C = 123.6% – 161.8% of wave AB
Disclaimer: No one (among human beings) really knows what will happen in the market. This analysis is merely my interpretation of the current price action. Please invest/trade at your own risk, with a reasonable risk management system.
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.
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.