In BLDN daily chart, it shows wave 1, 3 and 5 are motive waves and they are subdivided into 5 smaller degree impulses labelled as (i), (ii), (iii), (iv), and (v). Wave 2 and 4 are corrective waves and they are subdivided into 3 smaller degree waves labelled as (a), (b), and (c). The 5 waves move in wave 1, 2, 3, 4, and 5 make up a larger degree motive wave (1).
Corrective waves subdivide into 3 smaller-degree waves, denoted as ABC. Corrective waves start with a five-wave counter-trend impulse (wave A), a retrace (wave B), and another impulse (wave C). The 3 waves A, B, and C make up a larger degree corrective wave (2).
BLDN need to break the resistance at 2.00 to enter the wave-3 formation. Get ready as wave three is usually the largest and most powerful wave in a trend.
Traders can thus use the information above to determine the point of entry and profit target when entering into a trade.
Regards - Sifuut Siduuut
Corrective waves subdivide into 3 smaller-degree waves, denoted as ABC. Corrective waves start with a five-wave counter-trend impulse (wave A), a retrace (wave B), and another impulse (wave C). The 3 waves A, B, and C make up a larger degree corrective wave (2).
BLDN need to break the resistance at 2.00 to enter the wave-3 formation. Get ready as wave three is usually the largest and most powerful wave in a trend.
Traders can thus use the information above to determine the point of entry and profit target when entering into a trade.
Regards - Sifuut Siduuut
Trade active:
Completing the BIG Bowl Pattern. Alert active at RL = 2.20