Mandatory 0.786 retracement of the XA leg (approximately B retraced) & AB = CD to be a valid signature.
The most critical number in the pattern is the 1.27 XA leg for BC project
Exactly, we have seen a reversal from the D point.
I've pre-projected Triangle which is only my expectation without any confirmation nor verification. This is my internal feeling and &...
Let me reveal out the Wave Counting from Basic and then, we will move to lower TimeFrame to determine actual trading levels.
The primary wave of motive cycle has-been started since 2000 and completed in 2008 on the weekly chart.
The primary W. 1 + W.5 is equal to W. 3 approximately, therefore, you can say the impulsive W.3 is extensive.
It was clearly...
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...