on the daily price never broke symmetry, needs a move below
412
yeah taking out that trendline on the 60 min over 428.35 would
be a confirmation, but again that's so close to the highs -
anything over about 61.8% retracement is likely confirming
it.
it's about wave structure - right now we have only 3 major waves
down - so that could have completed an ABC and the correction is
done. What you need to see on the upside on a smaller time frame is
5 waves up
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on the daily price never
Market wave (4) pullback still possible
Posted by matt on 1st of Feb 2024 at 02:13 pm
on the daily price never broke symmetry, needs a move below 412
yeah taking out that trendline on the 60 min over 428.35 would be a confirmation, but again that's so close to the highs - anything over about 61.8% retracement is likely confirming it.
it's about wave structure - right now we have only 3 major waves down - so that could have completed an ABC and the correction is done. What you need to see on the upside on a smaller time frame is 5 waves up