Panjang
In depth Count of the Confusion currently around XELA
Just taking a deeper dive at the overall existing count for Xela.
Looking at the daily timeframe we bottomed out at 2.13 for a wave 2/5/5 on the daily chart.
Since then we started a wave 1 and should finish wave 2 on the 1 hr chart thus starting our wave 3 of 3/3/5/5.
5 waves on a smaller time frame complete 1 wave on the larger timeframe.
All still valid per Elliott wave theory rules.
Some other notes our hourly wave 2 was a double combination hence why it looked like a mess on the daily and hourly chart.
Wave 2 on the hourly should tag and close above 2.17 and overall and surpass 2.13 as that invalidates the count.
Other possibilities are that the daily wave 2 is not yet finished and we are in 5/c/2 for imo a zigzag pattern, we finish wave 2 on the hourly and gap up for wave 3 on Monday,
or we are in a bearish overall count somehow.
Looking at the daily timeframe we bottomed out at 2.13 for a wave 2/5/5 on the daily chart.
Since then we started a wave 1 and should finish wave 2 on the 1 hr chart thus starting our wave 3 of 3/3/5/5.
5 waves on a smaller time frame complete 1 wave on the larger timeframe.
All still valid per Elliott wave theory rules.
Some other notes our hourly wave 2 was a double combination hence why it looked like a mess on the daily and hourly chart.
Wave 2 on the hourly should tag and close above 2.17 and overall and surpass 2.13 as that invalidates the count.
Other possibilities are that the daily wave 2 is not yet finished and we are in 5/c/2 for imo a zigzag pattern, we finish wave 2 on the hourly and gap up for wave 3 on Monday,
or we are in a bearish overall count somehow.
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.