good evening,
as this current move unravels, it becomes a lot more clear as to what could potentially be happening here.
after further examination of the entire wave structure from the last few years, i was able to come up with a scenario that i haven't seen anyone else talk about.
i will be sharing it later on down the road, once i am able to further confirm my theory.
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currently i think we have completed wave 3 of the local impulse moving down, and are currently working on a wave 4. (it's also possible wave 4 turns into a flat, or a triangle, in which case it will not reach the target portrayed in my local projection).
wave 5 takes us down closer to 38.5~38.4 to complete the local a-b-c.
once this local move is completed, we should see a fairly nice move up.
as this current move unravels, it becomes a lot more clear as to what could potentially be happening here.
after further examination of the entire wave structure from the last few years, i was able to come up with a scenario that i haven't seen anyone else talk about.
i will be sharing it later on down the road, once i am able to further confirm my theory.
---
currently i think we have completed wave 3 of the local impulse moving down, and are currently working on a wave 4. (it's also possible wave 4 turns into a flat, or a triangle, in which case it will not reach the target portrayed in my local projection).
wave 5 takes us down closer to 38.5~38.4 to complete the local a-b-c.
once this local move is completed, we should see a fairly nice move up.
Note
Note
likely going slightly lower, toward 37.4k - will give an update if this level is reached
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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.
i only share a tiny fragment of my ideas on this platform. to view my daily work, join the lunar syndicate 9 👇
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.