This chart reflects my interpretation of the Elliott Wave principle, focusing on the rule of alternation. I've mapped a running flat in wave (II) and an expanding flat in wave (IV), which feels valid in this structure.
Currently, I'm tracking the final stages of wave 5 in the weekly count – potentially setting up for a daily leg higher into wave (V). Key levels to watch:
Weekly vector body: 5,928
Daily vector body: 6,110
Final target zone: around 6,200+
Human behavior doesn’t change — the cycle will always repeat.
The carry trade could unwind at point X or at the end of daily wave 5.
Let’s see how it plays out.
This is not financial advice – purely my perspective for learning and discussion.
Currently, I'm tracking the final stages of wave 5 in the weekly count – potentially setting up for a daily leg higher into wave (V). Key levels to watch:
Weekly vector body: 5,928
Daily vector body: 6,110
Final target zone: around 6,200+
Human behavior doesn’t change — the cycle will always repeat.
The carry trade could unwind at point X or at the end of daily wave 5.
Let’s see how it plays out.
This is not financial advice – purely my perspective for learning and discussion.
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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.