Hello everyone
This chart can be so helpful for who are trading NYSE instruments and it is very close to Dow chart.
According to this chat we have had a rally in Oct 2022 and I marked it as wave 1/A Primary and then a textbook correction that ended with 14638.3728 in Oct 2023 (Exactly one yea later) and then another rally started as a clear 5 wave impulse and it is been a while that we are in a channel that might probably wave 5 minor.
There are 2 scenarios :
1- this bullish minor impulse was wave C of ABC primary that is making an expanded flat for wave 4 in higher degree or
2- it was just wave (1) intermediate of wave 3 primary and then we will see a HUGE bullish market for NYSE members.
Note: If you consider Kennedy Channeling (I love it) this channel is a terminated channel (wave 5 Minor) and it decline break out will be the end of wave 5 Minor.
This chart can be so helpful for who are trading NYSE instruments and it is very close to Dow chart.
According to this chat we have had a rally in Oct 2022 and I marked it as wave 1/A Primary and then a textbook correction that ended with 14638.3728 in Oct 2023 (Exactly one yea later) and then another rally started as a clear 5 wave impulse and it is been a while that we are in a channel that might probably wave 5 minor.
There are 2 scenarios :
1- this bullish minor impulse was wave C of ABC primary that is making an expanded flat for wave 4 in higher degree or
2- it was just wave (1) intermediate of wave 3 primary and then we will see a HUGE bullish market for NYSE members.
Note: If you consider Kennedy Channeling (I love it) this channel is a terminated channel (wave 5 Minor) and it decline break out will be the end of wave 5 Minor.
注释
Purple channel is broken down and wave 5 Minor probably ended.
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