Overview: we started the week with the expectation that we extend lower in wave (III) of a of Z and with the daily updates, we could predict the price action accurately.
Update: I need to do a bit of relabeling to my update of September 1st. In that update, I believed that we have completed waves (A) and (B) of 3 of c of (III) and should start leg (C). With the price action of Friday that crossed the 4018.25 high, I think we actually completed wave (A) of 3 of c of (III), then a brief pullback for wave (B) of 3 of c of (III) and extending lower to complete wave 3 of c of (III) of a of Z follows. A potential target for the completion of wave 3 of c of (III) can be the 3750 area.
There is an alternate count that shows wave a of Z complete, which I think is of a very low probability, and we should know by Tuesday noon if that is actually playing out. For now, let's focus on the primary count.
Update: I need to do a bit of relabeling to my update of September 1st. In that update, I believed that we have completed waves (A) and (B) of 3 of c of (III) and should start leg (C). With the price action of Friday that crossed the 4018.25 high, I think we actually completed wave (A) of 3 of c of (III), then a brief pullback for wave (B) of 3 of c of (III) and extending lower to complete wave 3 of c of (III) of a of Z follows. A potential target for the completion of wave 3 of c of (III) can be the 3750 area.
There is an alternate count that shows wave a of Z complete, which I think is of a very low probability, and we should know by Tuesday noon if that is actually playing out. For now, let's focus on the primary count.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.
İlgili yayınlar
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.