Hi traders,
Overview: this week has been really tricky to count. I am not going to review the reasoning again, please refer to my previous analysis. Yesterday, I expected the top of wave X to appear, with some reversal signs at around 4060. However, with this strength caused mainly by aapl and amzn ER, I am doing a major relabeling in wave X.
Update: considering the current strength, I am now considering that right now we are in wave (III) of X. Wave a and b of (III) have been completed and currently we are completing wave 3 of c of (III). Referring back to my published analysis of June 24th: "Remember, the next wave to develop is wave X, which is a correction inside a correction, so it should be really tricky to count. We can consider several different targets for this wave X such as 4170 range or 4300 range.", I now favor 4300 range as wave X top. Something interesting about 4300 is that it is exactly the 0.667 retracement of previous leg down, Y. Further, going through the fib relations between wave a and c of X, 4301 shows as a potential target.
Overview: this week has been really tricky to count. I am not going to review the reasoning again, please refer to my previous analysis. Yesterday, I expected the top of wave X to appear, with some reversal signs at around 4060. However, with this strength caused mainly by aapl and amzn ER, I am doing a major relabeling in wave X.
Update: considering the current strength, I am now considering that right now we are in wave (III) of X. Wave a and b of (III) have been completed and currently we are completing wave 3 of c of (III). Referring back to my published analysis of June 24th: "Remember, the next wave to develop is wave X, which is a correction inside a correction, so it should be really tricky to count. We can consider several different targets for this wave X such as 4170 range or 4300 range.", I now favor 4300 range as wave X top. Something interesting about 4300 is that it is exactly the 0.667 retracement of previous leg down, Y. Further, going through the fib relations between wave a and c of X, 4301 shows as a potential target.
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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.