Hi Everyone, This MAY be in the works. As you can see we may be seeing these ABC corrective formations for a continuation of short moves. Ie. We are beginning Wave 3 on a bigger overview.
Please see image below for Daily Time Frame.
3 Pushes up.
Final Leg is also broken into 3 legs.
Final part of the wave had an extreme buyer's push up followed by a sell off.
IF we do correct here then then this will complete wave 1 and 2 on the bigger time frame, hence we will more than likely surpass all time highs once the uptrend continues after this correction.
Please see image below for Daily Time Frame.
3 Pushes up.
Final Leg is also broken into 3 legs.
Final part of the wave had an extreme buyer's push up followed by a sell off.
IF we do correct here then then this will complete wave 1 and 2 on the bigger time frame, hence we will more than likely surpass all time highs once the uptrend continues after this correction.
Note
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3 pushes up. Wedge. Potential Reversal.Disclaimer
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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.