Overview: in the update of last weekend, my primary count was that we have bottomed for wave 2 and developing wave 1 of (A) of 3 to the upside, to start a multi-year bullish move.
My first alternative count was invalidated, but the second alternative count (we are in wave B of (E) of 2 developing as a flat) is still valid, but of very low probability in my opinion. Plus, the structure does not support the current move up (since January 3rd 2023) being a 12345, required for the flat scenario.
Update: looking into the hourly chart, I think we are close to the completion of wave (III) of c of 1. A pullback that follows as wave (IV) and a final push higher to complete wave 1, probably around middle of February.
My first alternative count was invalidated, but the second alternative count (we are in wave B of (E) of 2 developing as a flat) is still valid, but of very low probability in my opinion. Plus, the structure does not support the current move up (since January 3rd 2023) being a 12345, required for the flat scenario.
Update: looking into the hourly chart, I think we are close to the completion of wave (III) of c of 1. A pullback that follows as wave (IV) and a final push higher to complete wave 1, probably around middle of February.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Publicações relacionadas
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.