Overview: Finally, after a few days of vague price action, the structure is clear to me. Since September 19th, I had the idea that we have bottomed for wave (I) of c of Z and need a pullback as wave (II). The structure of wave (II) developed yesterday and the fact that it was very shallow made me to think that we are developing a flat as wave (II) and was expecting a rally to the 3960-3986.25 zone today before wave (III), which did not happen. Yesterday I warned about this possibility: "Note that the alternative count is that we are in wave (III) to the downside with a very shallow wave (II)."
Update: I think we started wave (III) of c of Z today. This is going to be the start of a massive bearish leg, which I expect to move fast. Let's look at the hourly chart: I think we are completing wave (A) of 3 of a of (III).
Update: I think we started wave (III) of c of Z today. This is going to be the start of a massive bearish leg, which I expect to move fast. Let's look at the hourly chart: I think we are completing wave (A) of 3 of a of (III).
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Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.