Sorry I was looking at another stupid chart - yes I view this a
part of a Wave 4 expanding triangle but the wave 1 and 3 are not
impulses IMO so favoring that expanding triangle which most
certainly can overlap. Under such a view the next decline
will be dramatic
Sorry I was looking at
Could it be this easy? This chart is based on ...
Posted by steve on 28th of Jul 2022 at 10:50 am
Sorry I was looking at another stupid chart - yes I view this a part of a Wave 4 expanding triangle but the wave 1 and 3 are not impulses IMO so favoring that expanding triangle which most certainly can overlap. Under such a view the next decline will be dramatic
I am marking the subwaves
Posted by cozz101 on 28th of Jul 2022 at 11:02 am
I am marking the subwaves which IMO make these impulse waves down.
They are both abc's IMO
Posted by steve on 28th of Jul 2022 at 11:06 am
They are both abc's IMO but don't have time to review now - I expect an overlap then reversal down in August
Study the substructure as they are NOT impulses - many rules broken