SNX BULLISH COUNTAlthough the fibonacci ratio of the Intermediate 3rd wave did not please me very much, I counted it as the 3rd wave. So we can start the 5th wave at any time.
There may be another small bearish wave at the 4h count. But it has no effect on the overall count.
If intermediate i.e. purple (1) intersects with intermediate (4), the count is invalid.
In the 4h time interval, if the area I marked as Y or (4) is invalidated, we can think that the Y wave is not over yet.
If the purple Y wave crosses the 1.272 fibonacci ratio, we should reconsider this count. And remember (1) should not be invalidated.
If it reaches 0.5 fibonacci value in the 4h timeframe, spot buying can be considered for the (5) wave.
