This Chart shows a large Flat correction with Wave A and B(Black) completed. Wave B(Black) expressed itself in 3 waves namely A,B,C and are shown in Red. After B(Black) completed, a Wave C(Black) began so as to round off the Flat correction. A Wave 1(Green) formed, followed by a Zigzag correction and this meant a Flat for Wave 4(Green) was expected. After the Zigzag at Wave 2(Green), our Wave 3(Green) expressed itself in 5 Waves and are shown in Black. Wave 2(Black) was a Zigzag correction and Wave 4(Black) as expected, was a Flat. Wave 4(Black) completed recently meaning we are headed for a Wave 5(Black) which is also our Wave 3(Green). A confirmation at its current price location would trigger a sell.
Please note that Wave 5's(Black) location on the chart is purely for demonstration and price could move beyond or around this point.
fantasyste
Please note that Wave 5's(Black) location on the chart is purely for demonstration and price could move beyond or around this point.
fantasyste
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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.