Hi I like the idea of a triple top but there is an alternative way to count the price chart that is also credible. Your iv v a complex could be an abc correction to the iii move. If this count is right price is still bullish and will soon take out the iii. Your chart also put wave v truncated i.e does not go beyond wave iii. Usually when that happens the resulting downmove is usually more powerful tan what we are observing right now
Sandeep_Gupta
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Thanks for the comment, iv an v and the rest can not be the correction to wave iii as that way wave [a] will overlap the i wave invalidating the count.
Sandeep_Gupta
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Thanks for the comment, iv an v and the rest can not be the correction to wave iii as that way wave a will overlap the i wave invalidating the count.
Olu
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You are right I didnt notice that. I was busy looking for an alternative to the truncated 5th. Thanks
IvanLabrie
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Sandeep, this one looks perfect! Nice find mate, top notch as usual.
Sandeep_Gupta
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Thanks Ivan.
Sandeep_Gupta
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Wave three is 127.2% of wave one and the fifth wave is truncated.