Wave (3) still ongoing for FCPO ?
Updated
Based on the movement of the market yesterday, it might be possible that (3) is still in play here and its due to 2 reasons:
1) Wave (3) is an extension - thought to be, technically the market should at least move until it reaches fibo level 1.618.
2) Formation of the market highlighted in the box seems to be developing a five wave move (not confirmed yet).
Disclaimer
This is NOT a buy/ sell call but for learning purposes.
1) Wave (3) is an extension - thought to be, technically the market should at least move until it reaches fibo level 1.618.
2) Formation of the market highlighted in the box seems to be developing a five wave move (not confirmed yet).
Disclaimer
This is NOT a buy/ sell call but for learning purposes.
Note
This option explores the idea that wave 3 is still not complete and worth noting that my previous post saying 3 is already completed is still valid & possible. Having an alternate wave count can help in navigating the market & prepare your next move. Nevertheless, the general direction of the market is still in an uptrend.
Disclaimer
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