I've posted many times on this exactly the same counting in the sense of the Elliott wave theory.
This time I elaborate on it.
In this hypothesis, we are in X of WXY, whose bottom could be 7500 +- 2000, a roughly 1.236-1.272 retracement from the 65k & 69k double tops or the inverted A&E.
This double zigzag should be a global 4th wave.
This scenario will be invalidated entirely above 29k where C of X unambiguously exceeds Fib 1.618 level of A, violating the flat correction schematic.
For more detailed calculations, please look at the related ideas below.
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I believe the following is a parsimony of my analysis. Because in a market structure of such complexity that includes compound corrections, it is vary rare that the internal wave counts will agree among different analysts. I won't know until later whether this analysis is correct or not, though.
Anyway, if this continues, I am considering reporting it.
Dear followers, please pay attention to his movements. Note the date of post.
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This one, his old post, more clearly shows what's going on. See the Anti-Gartley on his chart appearing without the context.
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Of course Gartley refers to that of this article.I think it morphed to another pattern at D. Butterfly or TOTAL, idk.
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I might have overreacted here. I conveyed the following message to him.But I'm still wondering if there could be such a coincidence.
Surprising.
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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.