A caution
Labelled as in red. What I'm watching is the formation of the wave (arrowed red), by a little upthrust could easily be motive.
Other considerations:
1) wave (v) difficult to label, doing odd inverted turns, not wholly confident.
2) the alt labelling would be somewhat supported by fractal in practice, i.e the previous larger wave 4 also unfolded in a similar way.
The 0.618 retracement target met on the Dow & Nasdaq, here it lies at about 2004
Let it prove itself. Patience & alternatives.
"It's not what you don't know that gets you into trouble, it's what you know for certain that just ain't true" Mark Twain, courtesy of Howard Marks.
Other considerations:
1) wave (v) difficult to label, doing odd inverted turns, not wholly confident.
2) the alt labelling would be somewhat supported by fractal in practice, i.e the previous larger wave 4 also unfolded in a similar way.
The 0.618 retracement target met on the Dow & Nasdaq, here it lies at about 2004
Let it prove itself. Patience & alternatives.
"It's not what you don't know that gets you into trouble, it's what you know for certain that just ain't true" Mark Twain, courtesy of Howard Marks.
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.
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.