simplified ... 3 daily chart ... expanding ending diagonal -> thin blue lines -> the angle widens (moving away from one another i.e. not contracting)
-> wave 5 = i, ii, iii, iv and v -> because its expanding, its also common that wave v does not reach/touch the blue line again or go lower than wave iv -> usually there is a strong move in the opposite direction after wave 5/v completes i.e. upwards movement ... which boggles my mind
-> rules of this pattern : 4 > ii (check) and ii > iv (at this stage it is, however the next trading day will depict i.e. cannot go higher than 1.72)
-> if it drops, I do not know how low it will go (my feel is its dependent on the coming reports or MMs) ... I do know what the structure should look like and can only predict once it prints to the chart
who knows ...
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simplified ... 3 daily chart ... expanding ending diagonal ->...
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26 | 252245 | 2.290 |
40 | 446690 | 2.280 |
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24 | 418146 | 2.260 |
Price($) | Vol. | No. |
---|---|---|
2.310 | 59250 | 18 |
2.320 | 194875 | 22 |
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