Hi joseph, have you check the wave count at Daily tf?
I've re-checked my count using fibonacci extension and macd pattern (using the tips given by Jeff Kennedy from Elliott Wave International) and revised my previous wave count.
There is a possibility that we are almost at top of wave 3 of wave c. We are not yet in wave 5. Bearish divergence signal from the macd histogram also suggest that price is going down soon. I believe that will be wave 4 of wave c.
I can't share my chart yet because I'm outside right now but if you plot the fibo extension from these prices;
Point 1: 60.11 (starting of wave 1)
Point 2: 66.55 (top of wave 1)
Point 3: 61.81 (bottom of wave 2)
you will see that 161.8% is at 72.23. As you know, wave 3 often top around 161.8%.
What do you think joseph?
TheDemonTrader
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@Alif12399, I'm using CL1! by the way.
Joseph_King
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@Alif12399, Thank you :) Going to check now
Joseph_King
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@Joseph_King, Could you share a chart when possible pls? Going to be on mobile much of the day :(
I've re-checked my count using fibonacci extension and macd pattern (using the tips given by Jeff Kennedy from Elliott Wave International) and revised my previous wave count.
There is a possibility that we are almost at top of wave 3 of wave c. We are not yet in wave 5. Bearish divergence signal from the macd histogram also suggest that price is going down soon. I believe that will be wave 4 of wave c.
I can't share my chart yet because I'm outside right now but if you plot the fibo extension from these prices;
Point 1: 60.11 (starting of wave 1)
Point 2: 66.55 (top of wave 1)
Point 3: 61.81 (bottom of wave 2)
you will see that 161.8% is at 72.23. As you know, wave 3 often top around 161.8%.
What do you think joseph?