when I started analyzing the for this pair, I started counting moving upwards not downwards as I started with a bc bc bc which all has Fibonacci expansion of 161.8 (for the bar chart).
I then recognized a change in the nature of the movement, the next low did not show a 161.8 expansion therefore I thought of changing my numbering and treat it as a start of a different structured movement. therefore I assumed that I got an abc complete movement, another abc abc XXX movement which the last movement is my confusion point, as I have two different scenarios for it:
1.i assumed the last downward movement as an a of another a of another abc pattern to complete abc abc abc. (blue counting)
2. or according to the (black movement) our last abc
from what I see, I will need to analyze a small time firm which most probably will be the weekly to check out a more detailed structure which can help me.
I then recognized a change in the nature of the movement, the next low did not show a 161.8 expansion therefore I thought of changing my numbering and treat it as a start of a different structured movement. therefore I assumed that I got an abc complete movement, another abc abc XXX movement which the last movement is my confusion point, as I have two different scenarios for it:
1.i assumed the last downward movement as an a of another a of another abc pattern to complete abc abc abc. (blue counting)
2. or according to the (black movement) our last abc
from what I see, I will need to analyze a small time firm which most probably will be the weekly to check out a more detailed structure which can help me.
