Overview: in the previous update, we had the idea that we are in wave c of (III) of c of Z of (B), but mentioned that the alternative scenario of being in wave b of Z of (B) is equally valid.
Update: based on the price action I am now favoring the alternative count as my primary. The bearish move of August 16th to Oct. 13th is considered as leg a of Z and we are now in wave b of Z. Looking into the hourly chart, wave b of Z can be a double or triple zigzag.
Potential targets for wave b peak? (~3980)
1. If we consider the retracement of wave a of Z, we have these targets: 3914.75, 3985.75, and 4012.25!
2. Based on the volume profile of wave a of Z, we have 3980.5 as the VPOC.
Update: based on the price action I am now favoring the alternative count as my primary. The bearish move of August 16th to Oct. 13th is considered as leg a of Z and we are now in wave b of Z. Looking into the hourly chart, wave b of Z can be a double or triple zigzag.
Potential targets for wave b peak? (~3980)
1. If we consider the retracement of wave a of Z, we have these targets: 3914.75, 3985.75, and 4012.25!
2. Based on the volume profile of wave a of Z, we have 3980.5 as the VPOC.
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.