USDCHF: Elliott Wave Count
My Notes:
We are in the end of a corrective wave (may be wave 2) of the main bull wave.
Why:
1/ This is not a impulse wave, because there is a overlap of wave 4 and wave 1 (pink line).
2/ The ABC also in form of 5-3-5 waves
3/ The bottom of the retractment of main bull trend (major wave 1) 61.8% fibo level.
Next, I am looking at the development of current wave: This is an impulse wave which had developed wave 1,2,3,4. If price breaks the pink line, this is a wave 5 (this is the 5 waves of major wave 3)
If price fail to break pink line, it may make a E wave.
We are in the end of a corrective wave (may be wave 2) of the main bull wave.
Why:
1/ This is not a impulse wave, because there is a overlap of wave 4 and wave 1 (pink line).
2/ The ABC also in form of 5-3-5 waves
3/ The bottom of the retractment of main bull trend (major wave 1) 61.8% fibo level.
Next, I am looking at the development of current wave: This is an impulse wave which had developed wave 1,2,3,4. If price breaks the pink line, this is a wave 5 (this is the 5 waves of major wave 3)
If price fail to break pink line, it may make a E wave.
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.