Wave Structure Update: Intermediate Wave 3
The price has clearly completed a 5-wave cycle within the 3rd wave of intermediate degree. Following Elliott Wave guidelines, the next movement is expected to retrace toward the 4th wave of a lesser degree. This aligns with typical wave behavior, as corrections often seek the support zone of the prior lesser-degree 4th wave.
Additionally, a divergence between the 3rd and 5th waves of intermediate wave 3 adds further evidence of a potential reversal or consolidation phase before the next impulsive move. This divergence often signals waning momentum, supporting the case for an upcoming corrective wave.
The price has clearly completed a 5-wave cycle within the 3rd wave of intermediate degree. Following Elliott Wave guidelines, the next movement is expected to retrace toward the 4th wave of a lesser degree. This aligns with typical wave behavior, as corrections often seek the support zone of the prior lesser-degree 4th wave.
Additionally, a divergence between the 3rd and 5th waves of intermediate wave 3 adds further evidence of a potential reversal or consolidation phase before the next impulsive move. This divergence often signals waning momentum, supporting the case for an upcoming corrective wave.
Fractal Rider | Alex Inoa
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.
Fractal Rider | Alex Inoa
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.