LONG Lower Timeframe (after) wave E = Higher Timeframe wave D?

6 Ağu 2020

Recent weeks' sell down looks constant but laboured. Soft rejection off a trendline in confluence with short term Daily chart 'after' wave E (ie Buy) and also in confluence with a higher Timeframe chart wave D (ie Buy). However Selling momentum seems relatively persistent. Projecting the end of this buy cycle to be in the box in the above chart. If it happens, look for Big sells from there.
Let's see the outcome.
Chart for higher TF is attached below. You decide!