This is a rare figure but you need to be aware of it.
This usually happens after a WAVE 3 that came down quickly but did not extend.
The figure itself is a HORIZONTAL TRIANGLE pointing down where sometimes WAVE 4 goes even below the top of WAVE 3.... very BEARISH of course.
Please keep in mind that an extended 5th wave takes place quite often after a normal 3rd wave.
On this particular case, wave 3 did not extend as it failed to extend above 161.8%.
This is not the most likely scenario BUT I though it would be nice to be aware of it in case of a CRASH to 40k REGION.
This usually happens after a WAVE 3 that came down quickly but did not extend.
The figure itself is a HORIZONTAL TRIANGLE pointing down where sometimes WAVE 4 goes even below the top of WAVE 3.... very BEARISH of course.
Please keep in mind that an extended 5th wave takes place quite often after a normal 3rd wave.
On this particular case, wave 3 did not extend as it failed to extend above 161.8%.
This is not the most likely scenario BUT I though it would be nice to be aware of it in case of a CRASH to 40k REGION.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.