So we broke the Apex from downside.
do we retest it from the upside?
W2 was a simple correction classic ABC Zigzag 5-3-5
Rule of alteration would assume that W4 is a complex pattern out of 2(or3) corrective patterns connected by a x-wave
I assume a traingle then bulltrap with a x-wave followed by a zig-zag that tests the apex. Much hypothesis ... I know.
but this would fit very good to the fibonacci-clustering in that area too. ( 0.382 of W1to W3 and 0.5 of W2 to W3
Comment:
0.618 of W2 to W3 i mean
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do we retest it from the upside?
W2 was a simple correction classic ABC Zigzag 5-3-5
I assume a traingle then bulltrap with a x-wave followed by a zig-zag that tests the apex. Much hypothesis ... I know.
but this would fit very good to the fibonacci-clustering in that area too. ( 0.382 of W1to W3 and 0.5 of W2 to W3