This is not a new chart necessarily. It should be considered in conjunction with my previous chart also discussing Triangle formation in Wave 4 . In this chart and the Youtube live session I wish to cover the Significance of a Triangle in Wave 4 Consolidation to illustrate the value or EW analysis when applied correctly and interpreted correctly whilst nothing is 100%. Here is the link to the Youtube video youtu.be/Nnpdt2YABY8
Comments
MickyS
⋅
Hi DanV, it seems that this chart analysis of yours have played out almost perfect when the price hit the support line at $337. Do you think this might be the possibility for the trend reversal in contrast to your latest analysis suggesting lower area?
DanV
⋅
Hi. Thanks. I think we are in our final leg down with possible low in the region of 320-300 area . Check this other chart on smaller time frame for details. tradingview.com/v/fYhqvd8H/