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Yep ok very nice!..will be watching for that 5th wave in C, same...

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W3hunter

13,572 Posts.

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24/06/22

12:24

Post #: 62184988
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Originally posted by princey37 ↑

This is where I'm at;
Maybe one more move down for the C wave. I'm thinking 1.7 is possible, this would mean 5 = 0.786 x 1 = 0.382 x (1 to 3) = 1.7c

The B wave didn't quite make it to the 61.8, just got to the 50. It was a on the hourly chart, looked like a 535 complex wave up to 4.1c, but I'm happy with it. I managed to trade it back up to 3.9c I think.

The weekly MACD could kiss and go which would see the start of the new wave, 3rd of a 3rd on the weekly / monthly time frame.
The weekly x 5 MACD indicator has crossed up and taking a short breather. (see weekly chart below)

This could turn into a monthly momentum pattern from here if the FA can shape up.

Daily;

Hourly;

Weekly;

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Yep ok very nice!..will be watching for that 5th wave in C, same happened to MAY! strong residual momentum down there in that area.
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