After the completion of correction.thinking of the price will go long to complete the wave 5.before that.price will go down to complete the e wave upon the completion of the wave correcion.
just my beginner wave analysis.please comment. thanks!!!
Kommentare
njdfj
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as far as i know boundary lines of triangles cannot point to the same direction. in your case they are both pointed upward, this should be treated as a wedge/diagonal. however, diagonals are motive waves that usually appears as wave 1/a or 5/c so in this case i believe this triangle should have ended at post FOMC low, and is the (b) of (a)-(b)-(c) of (5). that means pointing upward. correct me if i'm wrong.
tupaitrader
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thank you...i agree with the motive wave....in my opinion the price will go down to complete the e wave..then..continue to climb up...to find the 5th wave....
saying that it go down first because there is candlestick reversal signal that shows the price going to make a retracement before going up...thanks for comment... :)