The wave C of wave ((4)) is to complete and we are going to ride on an impulsive wave ((5)).
One can take safe entry when price breaks parallel channel or Enter at wave 5 of wave (C)
As per rule wave, 4 can never overlap the starting point of wave 1 so our SL will be high of...
The triangle is to be composed of 5 waves.(A,B,C,D,E)
In which wave D is creating sub waves.
The end point of wave D will be the starting point of wave E.
E wave is the end point of the triangle.
The E wave is the end point of the triangle from which the price will move upwards with great force.
alternation: If this is not a triangle then wave 5 started from the...
Trend Base Fib Extensive at 100% (19299)
The price traveling in the 5th Wave.
The correction for A, B, and C is required to confirm but, the first object can be an attraction.
Recent Researched with Mix theory:
It's formed Leading Diagonal which is labialized by A, B, C, D, and E.
It's not an impulsiv e move therefore we looking "Throw-Over" of the Parallel Channe l for 5th Wave.
The Contracting Triangle has been possessed in it.
To determine 5-Wave, I have utilized the following :
1) Parallel Channel
2) Spike Box...
This Alternate Bearish Bat in the GOLD(XAUUSD) shown chart exemplifies the structure of the pattern. The 0.382 retracement at the midpoint (B) was the indication of an extended 1.13 XA projection as the defining harmonic resistance level 2075 of high.
The extreme BC projection effectively complemented the 1.13 XA extension to define the precise area...
Price bouncing along a Bearish Channel
Price mostly respects its channels and we'll be expecting this to do the same
This is just for analysis purpose and it is not an investment advice to take any trade. It is just an insight to what may possibly occur.