There is, actually, an alternative bearish wave count, but I don't like it much, because:
- pink wave 5 ended up with a-b-c wave on April, 1. It is not in wave theory, but, in practice, it takes place sometimes;
- impulses in olive waves 1 and 3 looks bizarre.
Anyway, decision about entering the market should be made only if we see an impuls on the way down, or a-b-c correction down and an impuls up.
- pink wave 5 ended up with a-b-c wave on April, 1. It is not in wave theory, but, in practice, it takes place sometimes;
- impulses in olive waves 1 and 3 looks bizarre.
Anyway, decision about entering the market should be made only if we see an impuls on the way down, or a-b-c correction down and an impuls up.
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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.