I was waiting for us to break 2995 in the last minute but instead we formed a topping candle, that let's me know we formed a 4th wave and should gap down in a 5th wave.
The beginning of this count is very tricky, it's hard to say where the impulse ends and when the correction begins. You could have the 4th wave of A at 3200 or the next lower pivot . Either way, it looks like we will be forming an expanded flat.
The beginning of this count is very tricky, it's hard to say where the impulse ends and when the correction begins. You could have the 4th wave of A at 3200 or the next lower pivot . Either way, it looks like we will be forming an expanded flat.
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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.