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  1. 4,182 Posts.
    lightbulb Created with Sketch. 954
    This is looking more like a nested wave1 the more I look at it. Can not find a bearish structure on this at all (also could be dangerous if you know what I mean).

    Nested wave1 also known as wave1 extensions, see below. We completed the wave1 in purple then had a deep wave2 red back. The only issue I see is the red wave2 back was very deep.

    We need to break that blue channel line and rest above it to add confidence in the call.

    https://hotcopper.com.au/data/attachments/2714/2714788-42eb96baea6e92b74a8f3f96554d80ed.jpg

    https://hotcopper.com.au/data/attachments/2714/2714797-63792d431b7f51ad5056edc88a8e5914.jpg

    MK
    #DYOR
 
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