I've updated my thoughts on how the price price pattern is resolved while still respecting the channel and the 4.618 Fibonacci cycle arc.
The fractals of the completed wave iv of 3 and the larger wave 4 are identical.
What if this continues to play out and wave 5 is a larger version of v of 3? If this is the case this is what it would look like.
A lot of churning.... prices don't appreciably cross the median line and ultimately both the Fibonacci cycle and the upper price channel are respected.
The timeline is likely not correct. It just fit....so take that into consideration
The fractals of the completed wave iv of 3 and the larger wave 4 are identical.
What if this continues to play out and wave 5 is a larger version of v of 3? If this is the case this is what it would look like.
A lot of churning.... prices don't appreciably cross the median line and ultimately both the Fibonacci cycle and the upper price channel are respected.
The timeline is likely not correct. It just fit....so take that into consideration
