On log scale we may treat the trend up as an impulsive structure, that misses the final 5th wave.
Wave 4 in this case is a flat structure, and has retraced 50% against the wave 3.
No overlap with the wave 1, and as a general rule, a zigzag in the wave 2 vs flat in w4.
Risk to return is fantastic.
Wave 4 in this case is a flat structure, and has retraced 50% against the wave 3.
No overlap with the wave 1, and as a general rule, a zigzag in the wave 2 vs flat in w4.
Risk to return is fantastic.