Alternate Count
The bad thing about EW theory is there can usually always be an alternative count to explain the situation. This count shows us in an expanding diagonal with the 4 wave going on now. I am less inclined towards this count because late EOD was a very bullish move and had signs of a reversal. The other reason why I don't like this count is because the late move felt like a 3rd wave, so we should gap up strongly. If we don't gap over 2750 this count becomes more likely.
The one reason I like this count over the other is that Crude Oil is almost done wave iv and will dump soon. It's hard to imagine we go up over 1 week when Crude Oil will dump soon.
The one reason I like this count over the other is that Crude Oil is almost done wave iv and will dump soon. It's hard to imagine we go up over 1 week when Crude Oil will dump soon.
Pubblicazioni correlate
Declinazione di responsabilità
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.