Hello traders and investors,
Today we are looking at the possibility that the primary 2 (blue) is complete and we have now resumed the uptrend in a sort of 1-2 1-2 pattern. If this will be the case the next move up will be wave 3 (minute) of 3 (minor) of 3 (intermediate), which in theory should be quite visible as an explosive impulse.
In terms of market geometry and pitchfork, both wave 1 minor and minute stopped at the 38.2% pitchfork line.
Let's see what will happen
Today we are looking at the possibility that the primary 2 (blue) is complete and we have now resumed the uptrend in a sort of 1-2 1-2 pattern. If this will be the case the next move up will be wave 3 (minute) of 3 (minor) of 3 (intermediate), which in theory should be quite visible as an explosive impulse.
In terms of market geometry and pitchfork, both wave 1 minor and minute stopped at the 38.2% pitchfork line.
Let's see what will happen
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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.
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.