Currently prices find support at the cloud, prices printing below the cloud would likely mean that the downtrend resumed. But please note that the Lagging Line already penetrated Span B, calling for lower prices ahead and allowing to look for …
If you check a line chart, it is possible to count five waves down. In this bar chart it is not that clear. Currently prices found support at the 1.382 level of wave ((iv)) and we see a divergence between …
The correction we saw was shallow and prices made another high, which reached 1.382 of potential red ((4)). RSI 35 and 5 show a divergence. If the current top doesn’t get penetrated and prices move below Micro ((4)) and Miniscule …
While it is possible to count five waves up from potential black wave iv, it is possible that the current top is the top of an internal wave ((3)) – see red count. So a potential correction if indeed these …
Prices almost reached the 78% of (i) and broke the two to four line of the potential diagonal and the low of (B) of c. With this in mind it is very possible the wave (ii) is in place. Also …
The turquoise horizontal line and potential wave b got penetrated and we see a new low. Likely the black count looking for wave four in place is correct and wave ((v)) is in progress. Sarah
Prices found resistance at the 38% area projected for potential wave ((iv)) and it is possible to count the three waves up as an abc. But we need to watch the turquoise horizontal line, which falls in place with the …
RSI 14 penetrated the SMA 14 from below and prices print above the downtrendline and found support at it once again. From this point of view I am tempted to call wave (4) as in place. Sarah
Prices stayed above the three MAs. From this point of view I am labeling potential wave c of (ii) as a diagonal. 78% of (i) coincides with equality between red (A) and (C) of potential Micro ((5)) of the diagonal …
Prices found support at the middle line of the corrective channel and the three MAs 50, 100 and 200 got penetrated from below. Still the penetration of the middle line of the corrective channel could be a help to call …