A rough sketch of two predicted bearish paths.
We could see five pivots as one wave (of course, the breakout of the previous high would invalidate this assumption).
If it's WXYXZ- black.
If it's a less-than-ideal impulse wave, 12345.
This is derived from potential S&R that Gann Square, wave analysis, and the pitchfork can assume.
We could see five pivots as one wave (of course, the breakout of the previous high would invalidate this assumption).
If it's WXYXZ- black.
If it's a less-than-ideal impulse wave, 12345.
This is derived from potential S&R that Gann Square, wave analysis, and the pitchfork can assume.
Note
update.seems impulse wave formation unlikely.
instead, i plotted double zigzag WXY or triple zigzag WXYXZ scenario.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.