SpartanIsland

SpartanIsland

close the gap, open long

SpartanIsland

If the stretch remains stable over time and the price does not block the right leg, then the likelihood of a resumption of the downward trend will remain the same as before, if not, a trend change is possible!

SpartanIsland

if we assume that at the price mark 7733 the wave a of the second zigzag is completed , then in this case it will be appropriate to assume the completion of wave c on Fibo retracement of 61.8 from wave a provided that that the correction in the second highest wave will be limited to a downward price channel, if it is broken, downward movement may...

SpartanIsland

On the hourly timeframe, the entry pulse with a five-wave structure is read, which also fits into the criteria for the formation of a harmonious reversal pattern 5-0, provided that the local correction is completed within the local upward channel without going for a retracement of 50% of the entire movement, in the framework of parallel lines !!!

SpartanIsland

It seems that the final wave of Y in the double zigzag is completed

SpartanIsland Updated 

The double zigzag was completed at $ 9364 where the x-string took the shape of a triangle, from the price mark 9364 a start impulse was formed in the first wave, the second wave of the same wave level was completed in support. Long positions can be torn off from the current level with stop loss for the local low 9360. In this case, a breakdown of the local...

SpartanIsland Updated 

local long in wave c of (ii) of of Y of (4) stop loss 9338$ t.p 11385$

SpartanIsland

correction in the fourth wave was completed in the form of a double zigzag, what else needs to be confirmed by overlapping the price level of $ 200 and the presence of the first wave of the minute wave level, so far, presumably, we have a series of first waves, of different wave levels, the critical price mark for the fourth intermediate wave still remains $ 157.62

SpartanIsland Updated 

at current price levels formed the figure of those triangle analysis, which as a continuation figure is subject to the idea about further decrease in the third wave as part of the fifth sub wave the final part of the double zigzag to price marks at 8816 and later possibly to 8293, where according to the idea the fourth correctional senior order should be completed

SpartanIsland

in the main embodiment, in a downward impulse we got a five wave structure, according to the current wave count, the first wave in the fifth senior sub wave, as confirmation, a pullback to local resistance to 10570 will follow in the future

SpartanIsland Updated 

in a long-term downtrend on a weekly frame in a downward cycle, the final part of the triple zigzag, where the wave appears to be the completed final diagonal in the (5) wave of the lower count, which gives prerequisites for growth to the upper line long-term downward price channel in the wave of , where subsequently rebound and downward movement in the wave ...

SpartanIsland

if further development follows a descending scenario, then the lower gap will close first, and then the upper one, it fits very well into the wave layout of the main double zigzag scenario WXY of (4) waves!

SpartanIsland Updated 

Hello and welcome! Alternatively, I suppose the completion of the correction in the second wave of the minute level, at 9467 price points corresponding to Fibo retracement 88% of the first wave, where the key level for the first wave is the 9115 price mark, in case of breaking through which the price will go according to the main scenario in the wave of the...

SpartanIsland Updated 

I suppose the completion of the sub wave (c) of where later I expect the downward motion in the senior wave of Y which in theory should hang correction in the fourth wave of the higher order

SpartanIsland

Hello and welcome! at the moment I suppose the formation of a local correction in the second sub-wave, with the possible subsequent release of prices in the third as part of the senior third, the first minute wave level, where are the key levels at $ 197, which in case of intersection cancel the current idea in favor of complicating the correction in the older wave!

SpartanIsland Updated 

The main variant of the double zigzag, which still retains its relevance, in which the current movement and local growth from the key level of the local flat with the lower bounds 9070 takes the form of a five as part of the wave (C) of the high , the zigzag _abc_of Y, in motion to the upper boundaries of the local medium-term price channel, where it is...

SpartanIsland Updated 

Perhaps the second correctional wave is completed by describing a double bottom, in which case we have the current first wedge-shaped that gives us reason to try to open long positions, it is advisable to do it on local pullbacks in the counting to catch the third wave

SpartanIsland Updated 

I would like to return to the place where the key level can be broken, in this case, the downward movement will take the form of a double zigzag, exactly in the fifth wave of the sublevel in the wave of Y of the double zigzag in the fourth wave of the senior level