I am confident that we are just on the retracing Wave 2 of the falling diagonal.
If price retraces bullish, past Wave B (Black), then the count becomes invalid.
The same rules apply if price falls bearish too far, past our previous Wave 2 (Red). The count becomes invalid.
I am still working on a lower time frame count for the retracing Wave 2 (Blue)
If price retraces bullish, past Wave B (Black), then the count becomes invalid.
The same rules apply if price falls bearish too far, past our previous Wave 2 (Red). The count becomes invalid.
I am still working on a lower time frame count for the retracing Wave 2 (Blue)
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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.