BIGTIME might be in a setup where wave 5 out of a 5 wave impulsive structure (Leading Diagonal) is about to be formed.
The price is also at the lower support of the parallel channel of the Leading Diagonal. Target is 1.618 out of wave 4
counted 5 waves on W TF. after wave 5, an ABC correction started.
wave B is going to touch 0.618 of wave A.
dragging a fib on wave A and another on the entire 1-2-3-4-5 impulse on W, give us some nice confluences:
- 0.382 of the W impulse & 1.236 of wave A
- 0.5 of the W impulse & 1.618 of wave A
- 0.618 of the W impulsive & 2 of wave A
these are possible...
