Overview: let's review a note on my last 2 updates:
Sep 4th: "There is an alternate count that shows wave a of Z complete, which I think is of a very low probability, and we should know by Tuesday noon if that is actually playing out."
Sep 6th: "Note that this structure is perfectly following our count expectations, but the timing of the waves is definitely not ideal. However, it reminds me of the rally we saw from Jun 17th to August 16th and I am not going to change my count until I have to do so, i.e. invalidated."
Update: As we got suspicious of this count it was invalidated today. My alternative count is now becoming my primary count, where I see wave a of Z complete and right now we are in wave b of Z playing out as a flat. Right now, we are in wave III of (c) of b.
Potential targets for wave b peak? (4045-4080)
Sep 4th: "There is an alternate count that shows wave a of Z complete, which I think is of a very low probability, and we should know by Tuesday noon if that is actually playing out."
Sep 6th: "Note that this structure is perfectly following our count expectations, but the timing of the waves is definitely not ideal. However, it reminds me of the rally we saw from Jun 17th to August 16th and I am not going to change my count until I have to do so, i.e. invalidated."
Update: As we got suspicious of this count it was invalidated today. My alternative count is now becoming my primary count, where I see wave a of Z complete and right now we are in wave b of Z playing out as a flat. Right now, we are in wave III of (c) of b.
Potential targets for wave b peak? (4045-4080)
- Retracement of wave a: 4044.75, 4065.5, and 4079
- Based on volume profile of wave a: 4046.25
- A trendline connecting highs of August 16th and August 26th:
Penerbitan berkaitan
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.
Penerbitan berkaitan
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.