Wave (c) of zigzag pattern to complete wave ((d)) of a triangle. Triangle invalid if price move below wave ((b))
BIG 1hr chart 5 waves impulse. Wave 3 fib 161% of wave 1 (RM1.95) wave 4 double three structure terminated at fib 61.8% of wave W and X. Wave 5 should end inside the blue box. Exactly dia follow EW guidelines. 1.59, 1.68, 1.99 all possible profit taking price
Nice impulsive 5 waves moving up from 20th July low. Wave 3 high terminated exactly at 161% fib ext of wave 1, wave 4 correction at 32.8% of fib retracement of wave 3. Both are "textbook" guideline of elliott wave principle. Beakout DTL and break wave B of 4 which most likely on its way to wave 5 high. Expecting it to end between 6.37 and 7.14
Priva has broken out from the corrective channel confirming that the correction has indeed completed.
Wave 1 of 5 being a leading diagonal. At the moment Wave 2 of 5.
Wave 5 of Y of 2 between 127% - 161% Fib Ext of wave WX.
Censof looks bullish with primary wave 4 forming a running flat pattern which normally resulting a high momentum price action. My long term target shall be 0.85 for primary wave 5 and midterm target is 0.60 for wave 3 of 5.
Smcap weekly chart looks interesting. 1) WXY Corrective Pattern with wave Y terminated at 0.06 on 16 March 2021. 2) Since then, smcap has been moving upwards and has breakout from the corrective channel. 3) For now, I am assuming that the upward momentum is a zigzag pattern correcting the downtrend to form a wave X for WXYXZ pattern.
YBS 1) Price still in wave 4 of 5 with ABC regular flat setup completed. 2) If price can break the 370 resistance, price may trend towards channel trendline between 430 to 450. 3) If price breakout from the channel, this may confirm that primary wave 5 has started. 4) If price failed to breakout from channel, it may go down to form WXY complex correction. 5)...
Wave E of triangle looks almost complete..should price breaks the triangle trendline, price may go higher up to 61% fib ext of wave 1 and 3.
MSM wave 4 appeared to be double three corrective wave with double bottom rebound setup could be on the card.