The fifth sub-wave of wave C is extended. Because the third wave of wave C is a five-wave structure of failure, so the fifth wave will not have a fifth sub-wave of failure; because the third wave of wave C contains 5 sub-waves, so Each subwave of a five-wave extension has five subwaves, and the first subwave of the fifth wave is also extended. To sum up, the 4th wave C on the 4-hour chart is coming to an end, the whole 4th wave has walked out of the 335 structure, and then the fifth wave of the daily chart will start to rise.
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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.