why im seeing this will explain in chart in comments below,
but for now if i isolate these fractions they are making recognizable structure for a motive and corrective wave.
for the last part -red C, iv added pitchfork for representing supports and resistances on the way up as it makes ending diagonal (with this ends the correction as wave 2) and from somewhere here will start much deep drop as 3th wave as dollar will grow. (showed in second comment)
if things aligned it will make Gartley pattern where point D is in perfect confluence zone on the white parallel which completes wave 2 but thats if things aligned, and as proven most often isnt that way, so it might make contracted flat and rushes down, but in that scenario regular stop loss for this scenario as is behind X line would be to big a :) so... take care this is not a short time set up, its more of a long term guide line.
but for now if i isolate these fractions they are making recognizable structure for a motive and corrective wave.
for the last part -red C, iv added pitchfork for representing supports and resistances on the way up as it makes ending diagonal (with this ends the correction as wave 2) and from somewhere here will start much deep drop as 3th wave as dollar will grow. (showed in second comment)
if things aligned it will make Gartley pattern where point D is in perfect confluence zone on the white parallel which completes wave 2 but thats if things aligned, and as proven most often isnt that way, so it might make contracted flat and rushes down, but in that scenario regular stop loss for this scenario as is behind X line would be to big a :) so... take care this is not a short time set up, its more of a long term guide line.
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and this is something retro from 2 yeas ago :)
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