wmasehlele

wmasehlele

:)

wmasehlele

Level 4 correction could be a zig zag, projected to end at 68% fib level.

wmasehlele

A short term view, as long as the price stays above wave C of the triangle, i will still be monitoring closely for short term opportunities, like above. Maybe a possible short term long. Any thoughts?

wmasehlele

This to me it looks like a variation of a zig zag, comprised of irregular flat, a flat and diagonal. Why do i have wave B of the 4th wave as it is, this is because of the guideline that wave c will come in 5 waves most of the time, in this case resulting with a diagonal. Wave 5 should will mostly travel the same length as wave 1, hence the projected termination...

wmasehlele

We might be looking at a 5 sub waves of a higher degree wave 1 exiting the channel. Any thoughts?

wmasehlele

If this is correct, termination of wave 2 above invalidation level will be confirmation for long and the trading zone will be valid.

wmasehlele

Entry above wave D and Stop loss below wave C.

wmasehlele

Any criticisms or advise are welcomed.

wmasehlele

Any criticism or advise is welcomed, just starting out on Elliott Wave analysis. Initial analysis was around 16 August.