Greetings everyone,
I am curious if we are seeing a Bullish Truncation.
Sometimes, a fifth wave can be weak and end without reaching the end of the third wave. A situation like this is called a 'truncation,' which we could face at the fifth wave of an impulse or ending diagonal. It's pretty rare, if even possible, to have a truncation in a position of the fifth wave of a leading diagonal. Usually, a truncation happens after a powerful third wave.
Please feel free to share any of your critiques. All I ask is that you are respectful. Thank
#ent601 #yvyc
I am curious if we are seeing a Bullish Truncation.
Sometimes, a fifth wave can be weak and end without reaching the end of the third wave. A situation like this is called a 'truncation,' which we could face at the fifth wave of an impulse or ending diagonal. It's pretty rare, if even possible, to have a truncation in a position of the fifth wave of a leading diagonal. Usually, a truncation happens after a powerful third wave.
Please feel free to share any of your critiques. All I ask is that you are respectful. Thank
#ent601 #yvyc
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.