I have materially changed my preferred wave count, as I realized that my previous count violated a rule - wave 4 was overlapping wave 1. The new preferred count fixes that mistake.
It also means that the big push up at wave (4) is a wave 5, not a 3 as I previously thought. This is huge because it means the current meandering is not a wave 4, but a correction to completed wave 1. That means wave 3 should begin shortly. That is significant. of course.
It also means that the big push up at wave (4) is a wave 5, not a 3 as I previously thought. This is huge because it means the current meandering is not a wave 4, but a correction to completed wave 1. That means wave 3 should begin shortly. That is significant. of course.
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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.