In this count, I've assumed we have just finished wave 1 and are currently in wave 2.
Main motivations for wave 1.:
1. extended impulse wave 3
2. alternative waves 2 and 4 (in time)
Main motivations for wave 2:
1. Lot's of price overlap and three waves structures, which indicates a correction is happening.
2. Price is increasing, but volume is declining.
I don't think this wave 2 is finished yet, because of the following observations:
1. Price didn't retrace yet to 61.8% (but it's close).
Currently we are in wave 5 of wave C. But difficult to tell if wave 5 is already finished.
Main motivations for wave 1.:
1. extended impulse wave 3
2. alternative waves 2 and 4 (in time)
Main motivations for wave 2:
1. Lot's of price overlap and three waves structures, which indicates a correction is happening.
2. Price is increasing, but volume is declining.
I don't think this wave 2 is finished yet, because of the following observations:
1. Price didn't retrace yet to 61.8% (but it's close).
Currently we are in wave 5 of wave C. But difficult to tell if wave 5 is already finished.
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.
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.