Wave 5 seems to have extended over the original wave count
and may now develop into a deep 2 or B wave correction.
The potential Bat pattern adds to the confidence.
Clearly defined risk below X as that would invalidate the
wave count completely, although, if it remains in 3 waves
it could be considered an expanded flat - perhaps.
Anyway, below X and I'm lost = well defined /low risk trade.
and may now develop into a deep 2 or B wave correction.
The potential Bat pattern adds to the confidence.
Clearly defined risk below X as that would invalidate the
wave count completely, although, if it remains in 3 waves
it could be considered an expanded flat - perhaps.
Anyway, below X and I'm lost = well defined /low risk trade.
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Related publications
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.