Quick chart & short post here comparing with a textbook expanding flat in an uptrend. If this is correct, we're also about to correct, upwards, and quickly.
NOTE - 4H Chart looks even better for this, but it's more clear on the daily in comparing with the imbedded screenshot here.
4H Chart:
NOTE - 4H Chart looks even better for this, but it's more clear on the daily in comparing with the imbedded screenshot here.
4H Chart:
Note
Update - looking good so far, needs to get back above 63.3 to continue up to new highs (69-72+):Note
Seeing bull divs at or near the end of our expanded flat. It's possible we go lower & the 3->4 wave should've started where I have 5 ending, if that is the case, maybe we see ~50-55, but it's also possible we're already near the end now:Note
^^ photo above w/ divs was a 4H chart ^^Note
Updated chart, 3-4 count should've been where 5 and C were on the original:
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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.