I am NOT and Elliot Wave expert.
Just wanted to put this out as my first ''Educational'' Idea.
Will update with further thoughts after posting.
Just wanted to put this out as my first ''Educational'' Idea.
Will update with further thoughts after posting.
Nota
My goal here is not claim THIS count is correct, but more to show how the basic structure of EW is ''supposed'' to fit together, in simple 12345 impulse to ABC retrace. And when zoomed out, each eave should fit into a bigger structure of same wave concepts.Nota
* each WAVE should fit....Nota
Based on developments since the above chart was posted, I am currently thinking about these adjustments to the EW with FIBS:Nota
Quick update:If this last leg (wave 5 of 3) plays out something like this, than it will add confidence to the bigger picture for the bigger waves. Of course, nothing ever plays out exactly as expected, but wave 5 should have 5 subwaves. If the subwaves start forming, then I will fine tune the target for this 5-of-3
Nota
Above: I guess it would be a wave 5 of 5 of 3. (three layers deep). If so, there should be a pretty good bounce as several downward cycles might terminate there.Nota
Just a quick update on EW + Fib analysis.Start with the smallest pieces, fit to bigger pieces.
Nota
The above 1 minute chart has helped me confirm the 1 Hour analysis.So the above 12345 fit into my wave 5 of 5 of 3 (meaning wave 5 in the fifth wave of larger degree, which was third wave in larger degree 12345).
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La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.