This is a sequel to my previous idea .
The diagonal triangle's unexpected, extended wave 5 (possibly an expanding diagonal) morphed the bearish white swan into a bearish anti-butterfly.
The basic strategy stays the same, but the basis for calculus would be slightly different.
Target is unchanged anyway.
If this breakout forms wave 5 of the impulse, a drop...
Hi Guys, There is nice running flat forming in reliance power, buy till the mentioned level, because when it will break the top it will fall again to complete bigger running flat.
Thanks
Traders,
The five-wave sub-minuette impulsive pattern is coming to an end, paving the way for the larger minute degree, 5-wave sequence to start its 4th corrective wave structure.
When subdividing wave 3. into five smaller degree waves, we see that its concluding 5th-wave can be seen unfolding into a contracting/ending diagonal pattern, composed of five internal...
