QTUM, YUM
Note
No wayNote
Note
Update from the 4h to the daily. From the first chart to the second, you'll see that the bottom has been placed in. The wave count from the first was incorrect as the purple wave 3 is actually count (5), followed by an ABC correction and we should be working towards the 5th impulse wave now as shown below.Note
Elliot waves work in macro waves; ranging from 1. Grand super cycles to 9. sub-minuette cycles. With this being said, that incorrect wave 3 was a 5th wave impulse of a super cycle, however; zoomed out, it is a 3rd impulse wave to the grand super cycle as shown on the updated chart so that's how we're working towards "another" 5th impulse wave
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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.