APHA Breaking Out?
My favoured count suggests a final 5 wave move down to the first weekly higher low. This expectation is based on the zig zag from this year's lows, as it is a textbook ABC, where C=A.
Regardless, it is possible that that ABC was a minute wave 1, and we could have completed minute wave 2. What we COULD be seeing here, is the start of minute wave 3 up. We have to break above $5.26 for that scenario to become a reality.
I've continued to count corrective waves, but sometimes one can get lost in an expectation, and lost sight of what is really playing out. The last wave up certainly qualifies as motive.
If we get a pull back from here, I'll be trying to buy at the gap close and get out if it drops below $3.96.
Alternatively, I'll buy a break above $5.26.
Neither alternative (bearish or bullish) has been confirmed yet, so all is still possible. We may even get more complexity from here...
Regardless, it is possible that that ABC was a minute wave 1, and we could have completed minute wave 2. What we COULD be seeing here, is the start of minute wave 3 up. We have to break above $5.26 for that scenario to become a reality.
I've continued to count corrective waves, but sometimes one can get lost in an expectation, and lost sight of what is really playing out. The last wave up certainly qualifies as motive.
If we get a pull back from here, I'll be trying to buy at the gap close and get out if it drops below $3.96.
Alternatively, I'll buy a break above $5.26.
Neither alternative (bearish or bullish) has been confirmed yet, so all is still possible. We may even get more complexity from here...
🅱🄰🆁🅺🆆🄾🆁🆃🅷
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🅱🄰🆁🅺🆆🄾🆁🆃🅷
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.