Continuation patern vs reversal patern

3 May 2020

In the picture we can see the corrective phase on the 1h chart. It could correct in the form of a rising wedge on an ABC patern, or on a simetrical triangle waiting for a 5th wave up.

3 May 2020

Not

Also,in the case of the rising wedge with max of 9355 will also match with a perfect gartley.
9479-8412 --> XA
8412-9075 --> AB (XA 0.618 ✓)
9075-8644 --> BC (AB~0.618 ✓)
8644-9355 --> CD around 9355 will match with 0.886 of XA and 9227 will be 0.764