wave iv ended in ((a))((b))((c)) flat - balanced in time and size
wave v unfolding
violation of 1,2125/30 area and/or time delays in developing
would invalidate the idea
ALT: reconsider the abc hypothesis
Note
no motive wave developed in wave 5 last chance for wave IV correction in a combination way wxy - flat-flat-? with invalidation area ar 1.2125 / 30 as before.
ALT: reconsider the abc hypothesis
Note
support area 1.2125 / 30 held with difficultythe slowdawn from 1.2175 area looks motive
wave IV hypothesis is at risk
the alternative abc hypothesis gains credibility
monitor price movements in the fib retracement area 0.382 - 1.2137
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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.