Long
Is it the end of the cycle ABC ?
Hello traders, there is an update on my last idea.
As you can see on the chart, we have clearly formed a 5/3/5 ZigZag wave. If you set up the fibo levels for each wave, we can see that everything is as in the books. Wave A has 5 waves, Wave B is retraced from 0.618 with ABC pattern, and wave C is exactly as long as wave A with 5 waves. Also as a second idea, we have formed a clear Gartley pattern as well.
Trade safe, I hope we can see the end of the bear trend already and reverse.
As you can see on the chart, we have clearly formed a 5/3/5 ZigZag wave. If you set up the fibo levels for each wave, we can see that everything is as in the books. Wave A has 5 waves, Wave B is retraced from 0.618 with ABC pattern, and wave C is exactly as long as wave A with 5 waves. Also as a second idea, we have formed a clear Gartley pattern as well.
Trade safe, I hope we can see the end of the bear trend already and reverse.
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.
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.