THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
THIS SETUP IS PUBLISHED ONLY FOR PRICE ACTION FOLLOW UP NOT FOR TRADING.
Updated because of rally after FOMC meeting.
2H Chart between III - IV bigger cycle - expanding triangle.
III to IV is WXY (yellow)
W is subdivided to wxy (blue)
wxy is subdivided into abc (red)- ABC (yellow) - ABC (yellow)
Y is expected to be an ABC or WXY targeting marked area.
Also bigger cycle 12345's IV point target matches with target for Y
INFORMATION HERE WILL BE USED FOR A FUTURE AI
THIS SETUP IS PUBLISHED ONLY FOR PRICE ACTION FOLLOW UP NOT FOR TRADING.
Updated because of rally after FOMC meeting.
2H Chart between III - IV bigger cycle - expanding triangle.
III to IV is WXY (yellow)
W is subdivided to wxy (blue)
wxy is subdivided into abc (red)- ABC (yellow) - ABC (yellow)
Y is expected to be an ABC or WXY targeting marked area.
Also bigger cycle 12345's IV point target matches with target for Y
Expect to validate position of X at this resistance.