I've made changes to my original wave count where wave A has ended on a short 5th wave. However, the strength of the rally today made me revisit the counts itself and I realised that it is actually more appropriate for the 5th wave to extend.
I studied if there is a relationship if I moved the original 5th wave down 1 degree to become a 1st of 5th and I was truly taken aback when the relationship was crystal clear and staring at me but I was too blind to see it (actually, I was too busy at work to study the charts again which is why I only publish this 2 days later).
Now that Wave A has completed, the strong rally these 2 days can be easily accepted. Are we going into a wave C crash? I believe so. So sit tight and enjoy the ride!
Remember to keep your risk tight. I can be wrong (as I often do).
Good luck!
I studied if there is a relationship if I moved the original 5th wave down 1 degree to become a 1st of 5th and I was truly taken aback when the relationship was crystal clear and staring at me but I was too blind to see it (actually, I was too busy at work to study the charts again which is why I only publish this 2 days later).
Now that Wave A has completed, the strong rally these 2 days can be easily accepted. Are we going into a wave C crash? I believe so. So sit tight and enjoy the ride!
Remember to keep your risk tight. I can be wrong (as I often do).
Good luck!
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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.