from what we can see here is a strong rejection followed with some form of a corrective structure, which points out that its gonna proceed same way after finishing the corrective pattern.
now what corrective pattern what is making i can distinguish running or expanded flat cose of breaking the high. so how do we know what will it be is if it make a structure similar to A wave (that orange pattern) it means it will be running flat and need to see the buy signal, or if it makes expanded flat than C wave can be diagonal or motive wave, way to the rectangles below.
/in some cases when it breaks the top and make form for expanded it may finish with motive wave which may be very big where it can brake the low of the previous motive but thats the case when its ranging in channel and we r not seeing that now and i doubt that will happen in this situation. /
that pink shadow pattern is from audnzd some days ago, and before it sky rocket to up, from that pattern i was expecting 0.618 to be touched cose of the corrective form what was making and can be found in the charts in the account.
but here corrective structure is different and if u like to follow it hit like so i know that there is interest for updating it in smaller time frames in comments bellow.
now what corrective pattern what is making i can distinguish running or expanded flat cose of breaking the high. so how do we know what will it be is if it make a structure similar to A wave (that orange pattern) it means it will be running flat and need to see the buy signal, or if it makes expanded flat than C wave can be diagonal or motive wave, way to the rectangles below.
/in some cases when it breaks the top and make form for expanded it may finish with motive wave which may be very big where it can brake the low of the previous motive but thats the case when its ranging in channel and we r not seeing that now and i doubt that will happen in this situation. /
that pink shadow pattern is from audnzd some days ago, and before it sky rocket to up, from that pattern i was expecting 0.618 to be touched cose of the corrective form what was making and can be found in the charts in the account.
but here corrective structure is different and if u like to follow it hit like so i know that there is interest for updating it in smaller time frames in comments bellow.
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