What does the blue box represent .618? Potential buy dip position? Thanks.
Gorbie
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Exact!
ananora23
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Merci Beaucoup for the update!!!
Gorbie
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Je vous en prie, Nora. You're welcome!
mmitkevich
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Blue (5) is ABC? Shouldn't it be 12345?
Gorbie
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It could be any impulsive structures: the zig-zag (ABC) or the ending diagonal (12345). Anyway, should see reaction into inflection zone (above 2195) with a three waves at least.
mmitkevich
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I'm a bit confused:
ok, big blue (5) wave is big impulse.
I knew it could be ending triangle 12345.
But ABC zigzag... AFAIK its corrective structure. I know A and C are impulses, but as a whole it is corrective.
Could you please explain where I am wrong? Where could I read about that structure if sow (Prechter or somewhat else?)
Thanks
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