Now that Monday trading has gotten underway an N Wave structure to the bull side has presented itself in the daily time frame. I've added some targets I believe price will get to before i recalculate/analysis where it's headed next.
V and N Wave targets seem to be our likely turning points as it lines up nicely with a flat Kijun and a close resistance point back on the 18 July 2018. I've also added a E Wave calculation but i'll reassess when we pass the first two targets.
V and N Wave targets seem to be our likely turning points as it lines up nicely with a flat Kijun and a close resistance point back on the 18 July 2018. I've also added a E Wave calculation but i'll reassess when we pass the first two targets.
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This is what we are looking at on the 4hr time frame. Ichimoku has 3,5,7,9 wave counts as considered reversal points we are on a possible 7 count and a 33 ichimoku number (another considered turning point).
As long as the wave structure holds to the bulls side are targets remain. Again N Wave and V Wave have some past price action to add to its target analysis.
The daily targets still stand but the shorter the time frame the shorter the targets. I always start at the top and work my way back taking small profits as we reach our higher time frame targets.
As long as the wave structure holds to the bulls side are targets remain. Again N Wave and V Wave have some past price action to add to its target analysis.
The daily targets still stand but the shorter the time frame the shorter the targets. I always start at the top and work my way back taking small profits as we reach our higher time frame targets.
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I haven't calculated any wave targets as we are at a extreme point in wave longevity. 9 count is considered our max before we start to see a reversal. Also Ichimoku number 42 is also in playand we are starting to see price starting react.
I'm excited to see how this plays out, we could see a break of the Kumo.
I'm excited to see how this plays out, we could see a break of the Kumo.
