on the left hand side we see a series of days UP, 5 waves up and an ABC down, day after day, this is how the market moves up.
We had 5 waves up, from the diamond bottom, (red 5). to a 4th wave down, that turned into 5 waves down, and on the ABC up, it reversed again and fell, now reversing off the wave 3 down, close to the lower edge of the diamond.
This all creates the extremely complex diamond top formation.
We had 5 waves up, from the diamond bottom, (red 5). to a 4th wave down, that turned into 5 waves down, and on the ABC up, it reversed again and fell, now reversing off the wave 3 down, close to the lower edge of the diamond.
This all creates the extremely complex diamond top formation.
Nota
The market is going up at the time of this post, but a diamond top formation is long term and bearish. in 2022 the NQ went down 7000 points from one.
Please check out Kauai Dave Pivot Traders on youtube. youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.
Please check out Kauai Dave Pivot Traders on youtube. youtube.com/channel/UCNpY7S_s1cxw0cer4PyEEMQ
Penafian
Maklumat dan penerbitan adalah tidak bertujuan, dan tidak membentuk, nasihat atau cadangan kewangan, pelaburan, dagangan atau jenis lain yang diberikan atau disahkan oleh TradingView. Baca lebih dalam Terma Penggunaan.