on 4 hour its clear we have finished a 5 wave decine, with wave 5 being an ending diagonal.
next we will get either a bullrun to new highs, or 3 wave corrective move up.
I have listed the bearish count on bigger timeframe as well, which seems less likely at the moment.
The bullish count on the bigger timeframe seems the most likely scenario, because:
the 5 wave decline down ended with a diagonal
we have bullish divergence on 1h, 4h and dayli timeframes.
weekly rsi around 40 (bull zone.)
and the 5 wave decline hit 161 fibonacci of the possible wave a of a flat from the 2 recent tops.
end we are in a channel up
Enjoy:-)
next we will get either a bullrun to new highs, or 3 wave corrective move up.
I have listed the bearish count on bigger timeframe as well, which seems less likely at the moment.
The bullish count on the bigger timeframe seems the most likely scenario, because:
the 5 wave decline down ended with a diagonal
we have bullish divergence on 1h, 4h and dayli timeframes.
weekly rsi around 40 (bull zone.)
and the 5 wave decline hit 161 fibonacci of the possible wave a of a flat from the 2 recent tops.
end we are in a channel up
Enjoy:-)
Nota
Not 4 th on the left then but 1 or a of move up ( if we currently in a b wave of a zigzag Down)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.