It looks like we have an impulsive count to the downside for a C or 5th wave. I'm looking for the Green 5th wave to extend to the deeper fibonacci target of 278% after a decent 4th wave bounce... but first it needs to complete blue 345 to the downside.
Deeper Targets possible - will update the idea as it progresses.
Deeper Targets possible - will update the idea as it progresses.
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I would love it if Blue 3rd or 5th extends but I expect it to be green, it's usually the last 5th wave that sinks the battleship... but then Gold doesn't usually do what I tell it to either, so that's IF...Nota
Blue 5, Green 3 - sorry working off my minutes chart...Nota
We should be making Green (4) now main chart top of the page...Which is Teal Circled 4 on the this chart.
There's a chance 4 is over in a single wave, but probably not - more likely it will take two hours to complete or more.
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I still have my puts, I will close them over the pictured 62%Nota
Actually I think will be starting Teal 5 any second... if this was a C wave of 4 it would be climbing higher faster most likely.Nota
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If anyone is following, please leave a comment!Nota
Consider taking some profit at 2325 - there is a reasonable chance we get an even bigger bounce there.Nota
The stab lower that just occurred could have reversed and started a 4th wave - but instead it looks like it is a 1st wave of an extension. Stay Short.Nota
And 2322 was the bottom of that wave - big 4th underway now.Nota
I think the 4th wave will be wrapping up on the next high... not sure we didn't make it very high but clearly the trend is strong.Nota
Next pop will be 38.2%, a completed ABC to 123% and 5 waves up for C - that has a reasonable probability of being it.Nota
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As messy as my minutes chart is - the wave finished exactly at 162% - and so far we have ABC up... once B down is complete and if we get really lucky, we may get a super strong C wave up next... hopefully all the way to 50% with only small dips... but there's no telling for sure once you're in corrective waves.Nota
I think this should be what we see next.Nota
Never mind i do not trust it to that high - update in a secondNota
Tricky tricky gold... this seems most likely.Nota
I think we're in C down... it will be 2310 if it's 50% of A... 38% would come in at 2314.
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feels like we're definitely in C down now. Same targets.
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Bottom's in I'd sayNota
No no never mind making a 1-2Nota
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I think the market turns around on the next low... to make the 4th wave anyway. Close on the next dip for sure.Nota
tradingview.com/x/59UYHzyK/It may have already completed 3 in a broadening diagonal - I don't think so but it's possible. The recent waves are likely a 4th wave before one more down - BUT they feel exactly like we're already in the larger 4th wave.Nota
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Fold flagging - fib targets 2275Dagangan ditutup: sasaran tercapai
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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.