It is magnificent how the current triangle proves EW fractal aspect since there was an expanding triangle at the same wave degree within blue wave 1.
I'd put SL at around $29 where grey 4 (with the current triangles wave E) would overlap grey wave 1.
Magnitude of the unfolding grey wave 5 might be immense if this count is correct.
Short term, TTD, obviously goes further down to complete wave E and I will start buying in the blue area and in the mean tome will monitor 5 wave structure of C of E.
I'd put SL at around $29 where grey 4 (with the current triangles wave E) would overlap grey wave 1.
Magnitude of the unfolding grey wave 5 might be immense if this count is correct.
Short term, TTD, obviously goes further down to complete wave E and I will start buying in the blue area and in the mean tome will monitor 5 wave structure of C of E.
Trade active
Triangle might be completed as wave C of E looks finished and impulse move started off.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.