ββ Preferred count
β Platinum Cash (PL.C), πTF: 20D
Fif.1
The counting of long-term waves only confirmed the priority of the scenario defined in the previous review, in the context of which the supercycly wave (V) unfolds the ending diagonal. This hypothesis assumes the continuation of price growth within wave III, which will take the form of a zigzag, exceeding the maximum of wave I.
_______________________________________
β Platinum Futures (NYMEX), πTF: 1D
Fif.2
The wave βΆ in the composition of III of (V) must also take the form of a diagonal. At least, the double zigzag that formed from the top of wave II can be interpreted in a general context as the first wave in its composition.
_______________________________________
β Platinum Futures (NYMEX), πTF: 8h
Fif.3
According to the structure, the second wave of intermediate degree can be identified as a double zigzag W-X-Y with a combination in X. Moreover, wave (2) reached a level that created several Fibonacci ratios: wave Y = 61.8% W, while (2) = 61.8% (1). Quite powerful the argument in favor of the fact that the downward correction is over. The breakdown of the 0-X line will serve as an additional signal in favor of this assumption.
_______________________________________
ββ Alternative count
β Platinum Futures (NYMEX), πTF: 8h
Fif.4
The alternative markup tells us that the correction within wave (2) will continue. A series of overlapping zigzags in a downtrend can be identified as the leading diagonal in wave A. If this interpretation turns out to be correct, then after correction in wave B, the minimum of 797.5 formed by wave A will be rearranged within the impulse C.
π Elliott Wave Guide & Ellott Wave Archive β¬οΈβ¬οΈ
β Platinum Cash (PL.C), πTF: 20D
Fif.1
The counting of long-term waves only confirmed the priority of the scenario defined in the previous review, in the context of which the supercycly wave (V) unfolds the ending diagonal. This hypothesis assumes the continuation of price growth within wave III, which will take the form of a zigzag, exceeding the maximum of wave I.
_______________________________________
β Platinum Futures (NYMEX), πTF: 1D
Fif.2
The wave βΆ in the composition of III of (V) must also take the form of a diagonal. At least, the double zigzag that formed from the top of wave II can be interpreted in a general context as the first wave in its composition.
_______________________________________
β Platinum Futures (NYMEX), πTF: 8h
Fif.3
According to the structure, the second wave of intermediate degree can be identified as a double zigzag W-X-Y with a combination in X. Moreover, wave (2) reached a level that created several Fibonacci ratios: wave Y = 61.8% W, while (2) = 61.8% (1). Quite powerful the argument in favor of the fact that the downward correction is over. The breakdown of the 0-X line will serve as an additional signal in favor of this assumption.
_______________________________________
ββ Alternative count
β Platinum Futures (NYMEX), πTF: 8h
Fif.4
The alternative markup tells us that the correction within wave (2) will continue. A series of overlapping zigzags in a downtrend can be identified as the leading diagonal in wave A. If this interpretation turns out to be correct, then after correction in wave B, the minimum of 797.5 formed by wave A will be rearranged within the impulse C.
π Elliott Wave Guide & Ellott Wave Archive β¬οΈβ¬οΈ
π ΠΠΎΠ»ΡΡΠ΅ Π°Π½Π°Π»ΠΈΡΠΈΠΊΠΈ Π² Telegram: t.me/freetradelife
π ΠΠ΅ΡΠΎΠ΄ΠΈΡΠΊΠ° (Elliott Wave Guide): t.me/elliottwaveprincipal
π ΠΠΈΠ±Π»ΠΈΠΎΡΠ΅ΠΊΠ° (Ellott Wave Archive): t.me/biblioewa
π Premium: t.me/freetradelife_premium
π ΠΠ΅ΡΠΎΠ΄ΠΈΡΠΊΠ° (Elliott Wave Guide): t.me/elliottwaveprincipal
π ΠΠΈΠ±Π»ΠΈΠΎΡΠ΅ΠΊΠ° (Ellott Wave Archive): t.me/biblioewa
π Premium: t.me/freetradelife_premium