Comparing with the standards of the 5-0 pattern, we see many matches (in %):
AB/XA = 113 belongs to 113-161.8
BC/AB = 161.8 belongs to 161.8-224
It is expected that D will satisfy:
CD/BC = 50
DE/CD = 61.8
So D & E could be wave 3 & 4 Minor of wave 1 Intermediate.
AB/XA = 113 belongs to 113-161.8
BC/AB = 161.8 belongs to 161.8-224
It is expected that D will satisfy:
CD/BC = 50
DE/CD = 61.8
So D & E could be wave 3 & 4 Minor of wave 1 Intermediate.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.