As shown on this chart,
I) Wave B > Wave A ----> Wave X should be a flat wave.
As a result, subdivision of wave A & B can be in any corrective "3 waves structure" ("B" waves have a count of 3 (move in 3, but, never in 5 !))
II) Impulse waves have a total count of 5
Take a good look, what do you see? a 5-waves structure (Wave B).
III) As shown on this chart, (if you see what I mean) wave x differs from Flat in the subdivision of the wave B !
Conclusion (I, II, III):
These formations (labelled as ABC) are analogous to the extension of an impulse wave and, therefore, the most likely result here is that an uptrend must be in progress.
I) Wave B > Wave A ----> Wave X should be a flat wave.
As a result, subdivision of wave A & B can be in any corrective "3 waves structure" ("B" waves have a count of 3 (move in 3, but, never in 5 !))
II) Impulse waves have a total count of 5
Take a good look, what do you see? a 5-waves structure (Wave B).
III) As shown on this chart, (if you see what I mean) wave x differs from Flat in the subdivision of the wave B !
Conclusion (I, II, III):
These formations (labelled as ABC) are analogous to the extension of an impulse wave and, therefore, the most likely result here is that an uptrend must be in progress.
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w e w i l l s e e !Not
Update: No comment!a good author doesn't say more than what he has thought.
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Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.