Minuette wave (ii) had a massive retrace of 0.69 – thereby expect minimal wave (iv) and motive move to complete Minor 3 wave.
Minor wave 1 fib 1.618 is 4494 but doubt it will reach this level, but keep it in mind
Projecting were the big top of Cycle V is going to hit I complex and difficult, but looking at resistance levels and final channel layout pattern it will be my guess that 4530-4600 could be it. When Minor 4 is complete then we can ad more Elliott rules to chart.
Minor wave 1 fib 1.618 is 4494 but doubt it will reach this level, but keep it in mind
Projecting were the big top of Cycle V is going to hit I complex and difficult, but looking at resistance levels and final channel layout pattern it will be my guess that 4530-4600 could be it. When Minor 4 is complete then we can ad more Elliott rules to chart.
Comment:
Other alternative to subminuette count with minuette wave (ii) retrace 0.618 and hit of 1.618 extension level of minuette wave (iii). Subminuette iv can take support on 10min ema 55
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The picture above = This can change my overall count, where my top of minute wave 3 on the 6 of july must change. Level 4410 to take notice of.
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Level 4410 heavy resistance and this can be top minute wave 3 instead. The larger minor wave 3 top could hit 1.618 extension 4490 level and just under final channel line. Like this picture below
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Subminuette wave pattern. Wave 3 of minuette will be toppish 4400
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Fractal wave 2 - this is alternative pattern layout
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Minuette 3 top tomorrow around 4410 then down to 4350 ish in Minuette 4
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Trade active:
Minuette 3 complete and now on minuette wave 4 trending down
Trade active:
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Thinking wave 4 intermidiate will go to area 4180-4200.