The diamond bottom of wave 4??
This time analyzing a possible diamond bottom trend reversal based on previous levels of patterns labelled on the right.
The Price to Bar ratio has been locked and logarithmic scales used.
Indicatiors are hidden as they are custom, and anyone who tinkers need not consider anything but their own perspective.
I have been trying to locate what I believe may be the point of the end of wave 4 and the start of wave 5. If this diamond pattern plays out and closes on the 4 hour above the white box, and possibly wicks or closes the next bar above the next line labelled BO LVL the trend will be validated as reversed and the start of wave 5 will also have been validated.
But, that's just, like, my opinion, man.
The Price to Bar ratio has been locked and logarithmic scales used.
Indicatiors are hidden as they are custom, and anyone who tinkers need not consider anything but their own perspective.
I have been trying to locate what I believe may be the point of the end of wave 4 and the start of wave 5. If this diamond pattern plays out and closes on the 4 hour above the white box, and possibly wicks or closes the next bar above the next line labelled BO LVL the trend will be validated as reversed and the start of wave 5 will also have been validated.
But, that's just, like, my opinion, man.
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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.