After such wild swings I have somewhat restored my confidence in the count where according to my analysis we are in the midst of correction, hence volatility and uncertainty.
Wave x is plotted in 2 scenarios - triangle and expanded flat. I would say that flat is the preferred one based on the sctructure of waves a and b that tempt me to label both of them as wxy.
In a triangle only one wave can be complex wxy or a nested triangle. Other waves must be simple abc zigzags.
Wave x is plotted in 2 scenarios - triangle and expanded flat. I would say that flat is the preferred one based on the sctructure of waves a and b that tempt me to label both of them as wxy.
In a triangle only one wave can be complex wxy or a nested triangle. Other waves must be simple abc zigzags.
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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.