on 4 hour its clear we have finished a 5 wave decine, with wave 5 being an ending diagonal.
next we will get either a bullrun to new highs, or 3 wave corrective move up.
I have listed the bearish count on bigger timeframe as well, which seems less likely at the moment.
The bullish count on the bigger timeframe seems the most likely scenario, because:
the 5 wave decline down ended with a diagonal
we have bullish divergence on 1h, 4h and dayli timeframes.
weekly rsi around 40 (bull zone.)
and the 5 wave decline hit 161 fibonacci of the possible wave a of a flat from the 2 recent tops.
end we are in a channel up
Enjoy:-)
next we will get either a bullrun to new highs, or 3 wave corrective move up.
I have listed the bearish count on bigger timeframe as well, which seems less likely at the moment.
The bullish count on the bigger timeframe seems the most likely scenario, because:
the 5 wave decline down ended with a diagonal
we have bullish divergence on 1h, 4h and dayli timeframes.
weekly rsi around 40 (bull zone.)
and the 5 wave decline hit 161 fibonacci of the possible wave a of a flat from the 2 recent tops.
end we are in a channel up
Enjoy:-)
Nota
Bearish sentimental on weekly but for now it looks as if we could have a bounce up to 56 k if we bounce from current levels. The move Down from top looks like a 3 wave decline. But the bounce up was 3 waves as well. Nota
We might have completed a wxy correction Nota
Looking for this before upside. Nota
Does not look like we get wxy. Current waves are not a zigzag but looks more like a 1/2 1/2 wave meaning new lows. Nota
Nota
I was a little præmature to write of wxy. Could still be in play. Im watching if we might get a galt as b wave like this. Nota
Not 4 th on the left then but 1 or a of move up ( if we currently in a b wave of a zigzag Down)Nota
Bottom. Looks like a zigzag finished as wave 2. B wave was a complex wxy wave. W a zigzag x was a triple zigzag and y an expanded flat. So we should get a strong bullish move up. Watch out around 46-47 k. If strong rejektion here move up could just be a corrective zigzag. Nota
Look here for overall wavecount 
Nota
Wxy invalidated. ongoing impulse Down instead ??. More Price action to tell for sure but alternative bearish count for ongoing impulse could develop to this Nota
Possible to count 5 waves Down. If we bounce above 40 k. Bullish div on 4 hour at the moment
Nota
A diagonal may be forming. If so it vould be an ending diagonal finshing wave 4 flat, or it could be a leading diagonal of a bigger bear market.
Or we could have finished a wxy wave (double zigzag)
Nota
Short term we Can see we did a small zigzag. So far not bullish but that zigzag could turn in yo a leading diagonal. We Will see 
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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.