heart warming to see such a cracker rally.
This rose from bad EW form but in this volatility pieces of the puzzle are becoming inevitably clearer.
We are probably at the later stage of a third wave finishing with a fifth blowout. I think we can safely say that we are at a stage in an impulse that will form a primary wave followed by a wave 2 correction.
currently the smaller time frames suggest sideways consolidation with a risk of entering fourth wave territory but ultimately contain the evidence for continuation.
Need more to say more. trading is going to be great with the coming volatility.
This rose from bad EW form but in this volatility pieces of the puzzle are becoming inevitably clearer.
We are probably at the later stage of a third wave finishing with a fifth blowout. I think we can safely say that we are at a stage in an impulse that will form a primary wave followed by a wave 2 correction.
currently the smaller time frames suggest sideways consolidation with a risk of entering fourth wave territory but ultimately contain the evidence for continuation.
Need more to say more. trading is going to be great with the coming volatility.
The fact we entered into fourth wave territory is evidence that the iv-v blowout count was right. The sideways movement we see now could be a larger triangle but I will post the idea later to avoid the hate when a premature count changes.
... EW is King of ponzi land.