for this the price must break the red dot line in minus time than was necessary to wave 5 to form. thats mean 17 hrs from Japan market open
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cmc
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There are two more hours until the week closes and it looks like wave 5 didn't end. For it to end one of the conditions mentioned below should be done:
1. The trend line between wave 2 and wave 4 should have been penetrated in a shorter amount of time than creating wave 5 (it didn't happen)
2. Wave 4 should have been passed which yet again it didn't happen.
I think wave 5 continues.
1. The trend line between wave 2 and wave 4 should have been penetrated in a shorter amount of time than creating wave 5 (it didn't happen)
2. Wave 4 should have been passed which yet again it didn't happen.
I think wave 5 continues.