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Instead of "W", could be "A", and instead of "X", could be"B", which would then point to a "C" wave touching the top of your channel. That in turn could be the end of the higher degree "B" (the end of the respective "A" would then correspond to the beginning of your channel), suggesting a final "C" wave correction towards a lower low. And after that, could resume the uptrend. Let's see.
+1 Reply
HamzaLeith mikeoakster
Thank you, sounds like a very viable alternative count. Iam just wondering, if A would correspond to the beginning of the channel, where would you put the previous "impulsive" wave of which this "A" is the beginning of the correction? cheers
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mikeoakster HamzaLeith
At the high of May 2014 (1,3992). What do you think?
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mikeoakster mikeoakster
Better said, the high of May 2014 is the end of , therefore it seems to me we are in the (B) of , you see? :-)
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mikeoakster mikeoakster
Better said, the high of May 2014 could be the end of (B), therefore it seems to me we could be in the B of (C), you see? :-) More precisely, we could be in the (b) of B of (C). I can't insert my chart, invalid URL :-(
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HamzaLeith mikeoakster
something like that?
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mikeoakster HamzaLeith
Hi, there! That does not seem to me as an inverted H&S, where shoulders should be inverted...
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