Dot update (LONGTERM)- Alright so I have 2 counts for this . So getting into this #1 count is saying we have reached either (Motive Wave 1 and 2 intermediate or (A and B wave of "ABC") so to narrow this situation we would look to come above the (1.618 extension or 1.382 extension) to be aggressive (RIGHT SIDE OF SCREEN) to basically take out the assumption of a (FLAT) and to meet 1.618 extension" or above of the whole move (LEFT SIDE OF SCREEN) to increase the chance of saying this is a confirmed (Wave 3). Now for #2 which is a (ABCDE) for wave (2 or B Wave) is basically the same as sceanrio #1 it is just a small differential count so no need to go further into as you know #1 already . Scenario #1 is on picture 1 and picture 2 is scenario #2.I have put a pitchfork aswell and the "3rd wave impulsive target" is (RED DASHED LINE ATOP THE SCREEN) . As always these are my opinions : )
As always happy trading and I will update these scenarios later on as it progresses : )
As always happy trading and I will update these scenarios later on as it progresses : )