The 1-2-3-4-5 Impulse Wave (blue wave) formation on VRTX is nearly complete. We can see a rising wedge (white colour) after impulse wave 3. This is impulse wave 5, which can be in the form of a wedge. VRTX is consolidating at the top. It may make one last effort to reach the top, form a double top and then break down.
Another way to confirm formation of impulse wave 5 is to look for RSI divergence between wave 3 and wave 5. There, indeed is RSI divergence (yellow lines).
We may soon expect start of A-B-C Corrective Wave.
Another way to confirm formation of impulse wave 5 is to look for RSI divergence between wave 3 and wave 5. There, indeed is RSI divergence (yellow lines).
We may soon expect start of A-B-C Corrective Wave.