wave-1 and wave-3 relate by time
wave-1 and wave-3 almost relate by 61.8% in price
0-2 trendline is broken which is normal if a triangle is forming,
a wave in triangle is related by wave-b by almost 61.8 but is shorter than 61.8
wave-3 isnt over 1.618 of wave-1 so wave-3 isnt the extended one
but wave-3 is related by wave-1 by 1.618
wave-2 is simple and wave-4 is long and complex
so we have alot of rule of alternation + fibonacci relationships and channeling logic.
When we break up from triangle it should signal end of wave-4, unless this whole analysis is wrong.
wave-1 and wave-3 almost relate by 61.8% in price
0-2 trendline is broken which is normal if a triangle is forming,
a wave in triangle is related by wave-b by almost 61.8 but is shorter than 61.8
wave-3 isnt over 1.618 of wave-1 so wave-3 isnt the extended one
but wave-3 is related by wave-1 by 1.618
wave-2 is simple and wave-4 is long and complex
so we have alot of rule of alternation + fibonacci relationships and channeling logic.
When we break up from triangle it should signal end of wave-4, unless this whole analysis is wrong.
Comment:
Triangle is still valid, we went down to 202 to make the triangle more complete in structure, so i believe we will break up from it now
Order cancelled:
This analysis is wrong, abort
Comment:
Nvm, was looking at wrong chart, looks like triangle is still within, usually Wave-E is reversing at either 61.8 or 38,2 fib as you can see we are at 61.8 fib now, so i'm buying
Comment:
still inside triangle, the longer the correction stretches out without breaking down, the more powerful the next bullwave.