I guess the 5th wave had already manifested when it touched the lower side of the trend channel. Probably it's time for the correction waves a, b and c to proceed? (the length of the 5th wave should be shorter compared to the 3rd wave and almost the same as the 1st wave). This is my opinion and I might be wrong. Anyway nice labelling...
For daily view.. if u saying wave 5 is completed..i will consider wave 5 placed if g/u past through 1.5 area and made a move up to 1.618 fib x A = C + 38.2% fib of 1-5. (which mean starting of wave 1). By the way.. for monthly view... 1.7 is my wave 4 counts and 5 is otw and i dun think it will be truncated as i see.. a lot space for downmove is there in bigger view. And Yes it's not commom we see wave 5 is longer than wave 3 . But in stock is yes. .. Thanks..
Gbp/Usd 17.06.2010
I guess the 5th wave had already manifested when it touched the lower side of the trend channel. Probably it's time for the correction waves a, b and c to proceed? (the length of the 5th wave should be shorter compared to the 3rd wave and almost the same as the 1st wave). This is my opinion and I might be wrong. Anyway nice labelling...
ReplyDeleteHave a nice day and god bless...
For daily view.. if u saying wave 5 is completed..i will consider wave 5 placed if g/u past through 1.5 area and made a move up to 1.618 fib x A = C + 38.2% fib of 1-5. (which mean starting of wave 1). By the way.. for monthly view... 1.7 is my wave 4 counts and 5 is otw and i dun think it will be truncated as i see.. a lot space for downmove is there in bigger view. And Yes it's not commom we see wave 5 is longer than wave 3 . But in stock is yes. .. Thanks..
ReplyDeleteSo, what do you think... The price is still going to form the 5th wave or it is in the correction wave formation
ReplyDelete