Given the severity of the recent drop and the rule of alternation it looks as though this could be the 4th wave and the next wave 5 will be the last wave for this entire trend since 2009 before it terminates.
Pay attention to the strength of this last wave up using RSI or ROC and if you notice that it is a weaker wave technically then it is probably a wave 5 (The End).
If this happens I will update will further info.
Pay attention to the strength of this last wave up using RSI or ROC and if you notice that it is a weaker wave technically then it is probably a wave 5 (The End).
If this happens I will update will further info.
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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.