Wave Structure Update: Intermediate Wave 3
The price has clearly completed a 5-wave cycle within the 3rd wave of intermediate degree. Following Elliott Wave guidelines, the next movement is expected to retrace toward the 4th wave of a lesser degree. This aligns with typical wave behavior, as corrections often seek the support zone of the prior lesser-degree 4th wave.
Additionally, a divergence between the 3rd and 5th waves of intermediate wave 3 adds further evidence of a potential reversal or consolidation phase before the next impulsive move. This divergence often signals waning momentum, supporting the case for an upcoming corrective wave.
The price has clearly completed a 5-wave cycle within the 3rd wave of intermediate degree. Following Elliott Wave guidelines, the next movement is expected to retrace toward the 4th wave of a lesser degree. This aligns with typical wave behavior, as corrections often seek the support zone of the prior lesser-degree 4th wave.
Additionally, a divergence between the 3rd and 5th waves of intermediate wave 3 adds further evidence of a potential reversal or consolidation phase before the next impulsive move. This divergence often signals waning momentum, supporting the case for an upcoming corrective wave.
Fractal Rider | Alex Inoa
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Fractal Rider | Alex Inoa
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。