Mapping subwaves of subwaves helps us to determine if we're close to the end of a wave.
The really large "superwave" shows that we are on wave 5. The smaller subwave shows that we are on subwave 5 (of wave 5)
What is not clear is where we are on the "mini-subwave" and the "micro-subwave" (of subwave 5). For that we have to compare the current wave with the waves in Subwave 3 and 1.
In Subwave 3, I have circled the mini-subwaves in green, and the micro-subwaves in pink. In Subwave 1, I have circled the mini-subwaves in purple.
I suspect that Subwave 5 will look like a cross between Subwave 3 and Subwave 1, because Subwave 1 will be the shortest, Subwave 3 is the longest and Subwave 5 will be in-between. I base this on the strength of the wave - I believe it will end lower than $6400, which makes subwave 5 longer than subwave 1, and I don't think 5 will be longer than subwave 3.
So the question is: 1. Have we finished mini-subwave 1 and are on mini-subwave 2? or 2. Are we still on mini-subwave 1, have completed micro-subwave 1, and are on micro-subwave 2?
If the answer is 1.: then that's good, because we are likely to end this superwave 5 at no lower than 5500ish.
If the answer is 2.: then we're in for a very low end point: maybe below $5000.
I believe the answer is 1., because the wave we are on looks like a cross between the waves circled in green and the waves circled in purple, which would be correct if subwave 5 is a cross between subwave 1 and subwave 3.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.