on this chart I want show you how my AutoCounting Tool for Elliott Waves works as well.
The indicator works with a lot of counting in the higher and lower bars. The numbers are transparent and ovelapping. Where are more transparent numbers, there the number have a bright color.
In this example you see on the uptrends the bright colorized Number 3 in the middle (it's 3 of III) and we have already 3 times of it: so this is why I know the wave 5 is finished. Moreover, the bullish impulse is started. Kind regads
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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.