Let me reveal out the Wave Counting from Basic and then, we will move to lower TimeFrame to determine actual trading levels.
The primary wave of motive cycle has-been started since 2000 and completed in 2008 on the weekly chart.
The primary W. 1 + W.5 is equal to W. 3 approximately, therefore, you can say the impulsive W.3 is extensive.
It was clearly understandable Bull market-label denoted by 5 Waves & Bearish market for w,x, and y.
Let's talk a little about the new phase:
If the price not falling below 1.03591, then the price will be ready for wave 3. Another confirmation, the price moving above wave 1 (1.25513) is also uptrend confirmation.
The primary wave of motive cycle has-been started since 2000 and completed in 2008 on the weekly chart.
The primary W. 1 + W.5 is equal to W. 3 approximately, therefore, you can say the impulsive W.3 is extensive.
It was clearly understandable Bull market-label denoted by 5 Waves & Bearish market for w,x, and y.
Let's talk a little about the new phase:
If the price not falling below 1.03591, then the price will be ready for wave 3. Another confirmation, the price moving above wave 1 (1.25513) is also uptrend confirmation.