Overview: we started the week with the expectation that we extend lower in wave (III) of a of Z and with the daily updates, we could predict the price action accurately.
Update: I need to do a bit of relabeling to my update of September 1st. In that update, I believed that we have completed waves (A) and (B) of 3 of c of (III) and should start leg (C). With the price action of Friday that crossed the 4018.25 high, I think we actually completed wave (A) of 3 of c of (III), then a brief pullback for wave (B) of 3 of c of (III) and extending lower to complete wave 3 of c of (III) of a of Z follows. A potential target for the completion of wave 3 of c of (III) can be the 3750 area.
There is an alternate count that shows wave a of Z complete, which I think is of a very low probability, and we should know by Tuesday noon if that is actually playing out. For now, let's focus on the primary count.
Update: I need to do a bit of relabeling to my update of September 1st. In that update, I believed that we have completed waves (A) and (B) of 3 of c of (III) and should start leg (C). With the price action of Friday that crossed the 4018.25 high, I think we actually completed wave (A) of 3 of c of (III), then a brief pullback for wave (B) of 3 of c of (III) and extending lower to complete wave 3 of c of (III) of a of Z follows. A potential target for the completion of wave 3 of c of (III) can be the 3750 area.
There is an alternate count that shows wave a of Z complete, which I think is of a very low probability, and we should know by Tuesday noon if that is actually playing out. For now, let's focus on the primary count.
منشورات ذات صلة
إخلاء المسؤولية
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.
منشورات ذات صلة
إخلاء المسؤولية
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.