Fifth wave impulse or double zigzag? Or triple zigzag!
Hi guys
Good night everyone
Pounds = Canadian dollars
There are two possibilities
From the starting point of the market at 1.40439, the price is an impulse pattern that seems to be looking to complete its fifth wave.
The question is? that the fifth wave continues or first executes a corrective pattern (flat) and then the fifth wave will be completed! There is also a possibility that the fifth wave will either be equal to the first wave or become wider
The second possibility is that the multiple zigzag that has already completed the (W) and the wave (X) may not yet be completed may make the flat pattern and then execute another zigzag pattern to complete the double zigzag.
If the trend continues, it may turn into a triple zigzag
Good luck, stay happy
Do not rush to trade and be patient
High price = sell
Low price = buy
Good night everyone
Pounds = Canadian dollars
There are two possibilities
From the starting point of the market at 1.40439, the price is an impulse pattern that seems to be looking to complete its fifth wave.
The question is? that the fifth wave continues or first executes a corrective pattern (flat) and then the fifth wave will be completed! There is also a possibility that the fifth wave will either be equal to the first wave or become wider
The second possibility is that the multiple zigzag that has already completed the (W) and the wave (X) may not yet be completed may make the flat pattern and then execute another zigzag pattern to complete the double zigzag.
If the trend continues, it may turn into a triple zigzag
Good luck, stay happy
Do not rush to trade and be patient
High price = sell
Low price = buy
