it looks like we have the A wave of an AB-CD the A wave has an extended 5th wave that should end soon so we should get the B wave soon how deep I dont know but im looking to buy the CD leg which i expect to be short because we are in an expanding diagonal (zoom out to see) so on completion of D wave im looking for a sell setup. Like if you agree comments are welcome.
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this is the update guys the C wave is forming i believe its a C wave and not a 4th wave of the 5 waves up because all waves ar in the up trend plus i got 5 waves in the 5th wave with wave 5's 5th wave being truncated so this move has to be the Cwave of the AB-CD so 3 waves down and buy to complete the pattern then look for your sell signal. Like if you agree comments are welcome.
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so we're getting 5 waves down so i expect 3 waves up then 5 waves down to complete the correction then buy lets see what happens. like if you agree comments are welcome.
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3 waves up almost complete looking for the 5 waves down soon to complete the down correction then our next 5 waves up to complete the main correction.Like if you agree comments are welcome.
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looking for the break of the blue trend line to complete D leg and upon completion of D leg we get the start of the CD leg then we should see more downside
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it has started
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BC leg of main BC leg is almost complete almost time to start looking to buy to complete CD leg if it moves like the AB leg it will take a while ill see what i can get out of it. Like if you agree comments are welcome.
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the buy is ready swing traders its all yours day traders like me this maybe more complicated but ill look to trend retracements buy the breaks the CD wave may look like the AB wave. Like if you agree comments are welcome.
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will we get a triangle to buy this? Like if you agree comments are welcome.
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Im expecting one more correction to start the new 5 waves up for CD leg. LIKE if you agree COMMENTS are welcome.
Trade closed manually
time to start a new post for CD leg
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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.