Chart 1: Hourly chart showing a 5 wave move up (in light blue) that is part of a larger Wave A (Green) followed by a 3 wave correction (light blue) that was part of a wave B (Green). Light blue waves are sub divided into pink waves where relevant.
Chart 2: Shows a 5 wave (green) down move that is part of wave 1 of a new downtrend (Which seems to be the most popular belief) or wave A of a correction of the bigger uptrend. Combining long-term and short-term fibonacci levels, I believe the most likely most for wave c (green) is to 45.57 area. The top of C (green) will either be the top of B (blue) or top of 2 (blue).
2 comments:
Hi, I have no idea what you say... Google translator does not make sense. maybe you can translate for me?
that is 2 days QQQQ failed to hold on to intraday gains and closed very close to 45.57. I strongly suspect C to start
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