Hi everyone.
As you can see in the chart, Wave A = $ 35400, what might this be? Motive phase (Wave 2, Wave 4)? or Corrective phase?
A More Realistic Wave Depiction:
1- Wave A= Wave X = Wave 2 (incorrect)
2- Wave A = Wave 4 (incorrect)
Wave 4 is related to Wave 3 by one of the following:
Wave 4 = either 24%, 38% or 50% of Wave 3
Wave 4 = 35400 -- 50%--> Wave 3 = 70800 (incorrect)
Wave 4 = 35400 -- 38%--> Wave 3 = 93157 (incorrect)
Wave 4 = 35400 -- 24%--> Wave 3 = 126428 (incorrect)
3- Wave A = Corrective phase (correct)
As a result: the "Corrective phase - Wave ABC" can be counted as complete
As you can see in the chart, Wave A = $ 35400, what might this be? Motive phase (Wave 2, Wave 4)? or Corrective phase?
A More Realistic Wave Depiction:
1- Wave A= Wave X = Wave 2 (incorrect)
2- Wave A = Wave 4 (incorrect)
Wave 4 is related to Wave 3 by one of the following:
Wave 4 = either 24%, 38% or 50% of Wave 3
Wave 4 = 35400 -- 50%--> Wave 3 = 70800 (incorrect)
Wave 4 = 35400 -- 38%--> Wave 3 = 93157 (incorrect)
Wave 4 = 35400 -- 24%--> Wave 3 = 126428 (incorrect)
3- Wave A = Corrective phase (correct)
As a result: the "Corrective phase - Wave ABC" can be counted as complete
Note
market does not listen to your logic, it goes on its own wayNote
Note
Note
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.
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.