A caution
Labelled as in red. What I'm watching is the formation of the wave (arrowed red), by a little upthrust could easily be motive.
Other considerations:
1) wave (v) difficult to label, doing odd inverted turns, not wholly confident.
2) the alt labelling would be somewhat supported by fractal in practice, i.e the previous larger wave 4 also unfolded in a similar way.
The 0.618 retracement target met on the Dow & Nasdaq, here it lies at about 2004
Let it prove itself. Patience & alternatives.
"It's not what you don't know that gets you into trouble, it's what you know for certain that just ain't true" Mark Twain, courtesy of Howard Marks.
Other considerations:
1) wave (v) difficult to label, doing odd inverted turns, not wholly confident.
2) the alt labelling would be somewhat supported by fractal in practice, i.e the previous larger wave 4 also unfolded in a similar way.
The 0.618 retracement target met on the Dow & Nasdaq, here it lies at about 2004
Let it prove itself. Patience & alternatives.
"It's not what you don't know that gets you into trouble, it's what you know for certain that just ain't true" Mark Twain, courtesy of Howard Marks.
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.
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.