Trend: Uptrend
EW No.:
Option 1: Wave 1 to Wave 2. Minor (Wave B to Wave C) or
Option 2: Wave X to Wave Z, which is less likely.
Note:
Currently I see a correction to form Wave 4 (blue in circle) is completed.
If I am correct, Wave 4 to Wave 5 started with Wave (1).
Now the price is moving to Wave (2), where I suppose the minor waves are ABC (3-3-5) as Option 1.
Option 2 to form Wave Z is possibly less likely to occur, as currently I see ABC in progress.
This is just my point of view. I maybe wrong. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.
EW No.:
Option 1: Wave 1 to Wave 2. Minor (Wave B to Wave C) or
Option 2: Wave X to Wave Z, which is less likely.
Note:
Currently I see a correction to form Wave 4 (blue in circle) is completed.
If I am correct, Wave 4 to Wave 5 started with Wave (1).
Now the price is moving to Wave (2), where I suppose the minor waves are ABC (3-3-5) as Option 1.
Option 2 to form Wave Z is possibly less likely to occur, as currently I see ABC in progress.
This is just my point of view. I maybe wrong. No trade recommendation. Please do your own analysis before placing any trade. TAYOR.
Trade closed: stop reached
The counting is wrong. I will redo counting.
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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.