I was asked how to count 9 waves from Tuesday to Thursday.
So I answer it here also this weeks price movement because it's important.
I analyze mainly H4 on weekdays, Weekly chart on Saturday or Sunday, and sometimes H1 to see detailed price movements in H4.
I think that there were 9 waves from last Tuesday to Thursday.
There's some ways to count waves but when you can't count well, Fractal could help you.
As counting with Fractals, you can see 9 waves.
However, it's really difficult to count that way. But if you find 9 waves, crash would come, this is a big hint to count bearishly and sell for later.
After lime9 yesterday, the price couldn't make the new high, where became Pink2, also could be the Right Shoulder of Triple-top.
Pink1 could be a neck.
Head-Neck : Neck-Target=1:1, so Target would be 1.3713
*Head(1.3809).Neck(1.3761)
Also, to the end of yesterday, the price was getting convergent like >, this is the sign of explosion.
Because the price was convergent, counting should be detailed like 2_1,2_2,2_3,2_4...
Tip: explosion often makes 9 waves.
We had those tips at the begining of today.
Then, to make Pink3, the price dropped as 2_1, 2_2, 2_3, 2_4, 2_5=Pink3
If lime 9 is the begining of the bearish impulse, we wanna sell at pink4. The bearish waves are not over yet, it is thought.
So where could be the pink 4?
Fib(Pink2-Pink3)38.2(1.3751) and 61.8(1.3772) look like the best spot to sell.
If Pink2(RightShoulder) is broken, this idea would be invalid.
PLEASE DO NOT FORGET TO LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
So I answer it here also this weeks price movement because it's important.
I analyze mainly H4 on weekdays, Weekly chart on Saturday or Sunday, and sometimes H1 to see detailed price movements in H4.
I think that there were 9 waves from last Tuesday to Thursday.
There's some ways to count waves but when you can't count well, Fractal could help you.
As counting with Fractals, you can see 9 waves.
However, it's really difficult to count that way. But if you find 9 waves, crash would come, this is a big hint to count bearishly and sell for later.
After lime9 yesterday, the price couldn't make the new high, where became Pink2, also could be the Right Shoulder of Triple-top.
Pink1 could be a neck.
Head-Neck : Neck-Target=1:1, so Target would be 1.3713
*Head(1.3809).Neck(1.3761)
Also, to the end of yesterday, the price was getting convergent like >, this is the sign of explosion.
Because the price was convergent, counting should be detailed like 2_1,2_2,2_3,2_4...
Tip: explosion often makes 9 waves.
We had those tips at the begining of today.
Then, to make Pink3, the price dropped as 2_1, 2_2, 2_3, 2_4, 2_5=Pink3
If lime 9 is the begining of the bearish impulse, we wanna sell at pink4. The bearish waves are not over yet, it is thought.
So where could be the pink 4?
Fib(Pink2-Pink3)38.2(1.3751) and 61.8(1.3772) look like the best spot to sell.
If Pink2(RightShoulder) is broken, this idea would be invalid.
PLEASE DO NOT FORGET TO LIKE👍🏻 AND FOLLOW ME❤ IT MOTIVATES ME TO THE NEXT IDEA! THANK YOU 🎉
