$JMIA
Added 2024-07-16 14:31:55 +0000 UTCI think we have a leading edge diagonal here, which is covered in our EWT lessons, it is found at the start of impulse waves and the start of a corrective waves, it is when waves overlap each other and form a wedge.
Here we can see that Wave 4 infringes upon Wave 1 and forms a wedge.
So I believe we are in Wave 5 now, with the 2 Fib at $15.61 being the first target, the 2.618 Fib limit is also in play too at $19.24.
But let's assume Wave 5 completes at the 2 Fib, so to prepare for a pull back, I have added in the amber Fib levels.
Comments
Hi Cap, does this count change if we go back to the beginning of the move (lowest low) in Sept/Oct '23?
G4Golf
2024-07-17 10:52:46 +0000 UTC
