Possible Wave A of ABC on 15m chart . please refer to my 2h chart .
Note assuming wave 2 is completed but if we break 34600 up then this scenario will still be valid but the target level will need to be adjusted accordingly .
Usually wave 2 is confirmed completion once price breaks below b of wave 2 but i made this idea early to try and catch wave 3 and make more $$$$ .
all target start at minimum targets levels and possible to get more .
wave 4 probably take longer than wave 2 to complete and it will probably be a complex correction .
Wave 5 = wave 1, or 0.618, or 0.382 x the net of waves 1 thru
This is again for day trading ,in and out .
This scenario will be invalid if price breaks 34800 up.
Good Luck
Note assuming wave 2 is completed but if we break 34600 up then this scenario will still be valid but the target level will need to be adjusted accordingly .
Usually wave 2 is confirmed completion once price breaks below b of wave 2 but i made this idea early to try and catch wave 3 and make more $$$$ .
all target start at minimum targets levels and possible to get more .
wave 4 probably take longer than wave 2 to complete and it will probably be a complex correction .
Wave 5 = wave 1, or 0.618, or 0.382 x the net of waves 1 thru
This is again for day trading ,in and out .
This scenario will be invalid if price breaks 34800 up.
Good Luck
Order cancelled:
price breaks 34800 up
This scenario is invalidated
This scenario is invalidated
This scenario will be invalid if price breaks 34800 up