6/25 - Several counts indicate an upcoming bullish wave (V)/b - Recent price action holding above 2.20, for a 61.8 golden pocket reversal in wave (IV)/a - Confirmation - Price break above previous high of $2.89 to confirm an uptrend. - Invalidation - Price breaks below 1.23 into Wave I territory - RSI shows recent gathering of bullish momentum trying to break above 40
I guess you started a free trial pro account. You can wait until the very last day or two of the trial before signing up to get 50 to 60% off (I forgot exactly which it was).
modernpicasso
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- Since you drew one up already, I'll show you what I had earlier: - Ultimately we will need to see if price action holds recent low or break the golden pocket support.
- You can add 0.65 into your fib tool. The golden pocket is the region between 0.618 and 0.65.
- The bottom of your minor IV is overlapping with top of I which is incorrect for an impulse unless it's a leading diagonal but if it is a leading diagonal it needs to follow certain rules and symmetry as well.
- Your ABCDE may need to be revised but you have identified the corrective move which is good.
- References to triangles: oreilly.com/library/view/mastering-hurst-cycle/9780857191984/chapter16.xhtml