Here's a chart that I like (possible kiss of death) for it's apparent adherence to EW theory and bullish outlook, with a nice clear wave count, decent fib measurements and alternation too. With my central bank, the Bank of England, declaring an economic downturn on a scale not seen for 300 years are they are offering a massive contrarian buy signal? I'm with the bullish red count here. I have included a bearish blue count too even though I am really struggling to count 5 waves for it's 5th wave which makes it the weaker option to me......
Note
Fiddling with the position of wave 1 also chucks up some interesting fibs for a completion of wave 3.....
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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.