The pink count suggests wave c has completed a zigzag correction, sub wave b of the zigzag is a running flat.
Another solid push above wave b high could lead to a potential buy opportunity.
Another solid push above wave b high could lead to a potential buy opportunity.
Note
wave ii could be more complex but it won't change the overall bullish pattern (at least for now)Note
whether red wave {A} is in 3-waves or 5-waves, wave {c} will be in 5-wavesNote
no immediate bullish setupNote
wave ii could be a double zigzag {w}-{x}-{y},where green wave {w} = green wave {y}Note
breakout buy if sideways correction continues'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
Email:info@ewc.space
Email:info@ewc.space
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.
'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'
Email:info@ewc.space
Email:info@ewc.space
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.