1 and 2 in column indicate Fibonacci Retracement of wave 1-3. We could see the length of wave 5 almost exactly 0.618 of wave 1-3 (as rule).
From wave labeling, we noticed that the first wave correction has been completed. We indicate this as wave A correction of ABC pattern.
We are waiting for Wave B to complete it movement, thus we has clue in potentially predict the pattern commensurate. Thus, now DJI expected to rebound upward yet beware! It still in corrective wave.
Cheers.
What do you think?
Feel free to share your opinion.
From wave labeling, we noticed that the first wave correction has been completed. We indicate this as wave A correction of ABC pattern.
We are waiting for Wave B to complete it movement, thus we has clue in potentially predict the pattern commensurate. Thus, now DJI expected to rebound upward yet beware! It still in corrective wave.
Cheers.
What do you think?
Feel free to share your opinion.