Because we got out of a triangle wave B, we know that this rise is limited and that we'll see a reversal pretty soon here.
On the 1hour chart we can see that we have only 3 out of 5 waves up, so, we could see 1.96-1.97 before we start going lower.
If for any reasons we go above the invalidation level, the count gets negated and we need to get back to the drawing bord.
On the 1hour chart we can see that we have only 3 out of 5 waves up, so, we could see 1.96-1.97 before we start going lower.
If for any reasons we go above the invalidation level, the count gets negated and we need to get back to the drawing bord.
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1hours chart
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