FX:XAGUSD   Silver / U.S. Dollar
145 10 0
I can't bring myself (yet) to see the correction as complete - having not even made it to the 0.382 mark. I'm therefore counting this tentatively as an expanded flat, looking for c (circled) to move to about 16.28 (wave a x 1.618)
17.677 ended wave 3 and wave 5 started @ 16.782
Sorry I can't see where you're coming from.
Anarchomania Anarchomania
Ahh...now I see what you're saying....what I've got labelled as v you have labelled as iii. It's a possibility, but I think it's unlikely...the degrees of trend are different if you want to make wave iv end at 16.782.
halawani Anarchomania
0 13.625
1 14.401
2 13.727
3 16.120
4 14.775
in 5
0 14.775
I 16.299
II 15.882
III 17.677
Iv 16.782

we are in wave 5 of 5

degrees of trend are not always 100% correct
I'm afraid there are multiple problems with that count.
halawani Anarchomania
can you please explain the problems that you see .. we are all trying to learn.
halawani Anarchomania
in 5 of 5
0 16.782
1 17.406
2 17.039

we are in 3 going to 4
I can not decide if 3 ended or not :(
Ok...just briefly, you're trying to count the whole move up from the major low as a single wave 1 when it's actually a 1-2, 1-2 in different degrees of trend. The move from the low started as a leading diagonal for wave 1 (circled), zig zag 2, impulse 3, triangle 4, standard impulsive thrust from triangle for 5...all those are minute degree that complete wave 1 of minor degree. Wave 2 (minor) was a normal abc zig zag followed by 5 clear waves up in the minuette degree, to complete wave 1 (circled). Wave 5 of this move contains 5 clear waves of subminuette degree, making wave 1 (circled) of 3 (minor) complete. Up to that point the wave count is 100% valid, the only thing that remains is to classify the correction, but it's looking like an abc with wave b forming an expanded flat (3-3-5) to the upside, and in the process requiring a higher high than the previous peak. If correct, this flat (as part of a larger degree correction) should trace out 5 waves down to complete wave 2 (minute degree). Varying degrees of trend are actually critical....don't ignore them. The correct count should look something like this: https://www.tradingview.com/chart/HIwSh9wi/
B 17.326 and C 16.782
Counting wave b as an expanded flat this is.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out