I AM JUST COUNT THIS SEQUENCE ON THE WEEKLY CHART.
AS YOU CAN SEE THERE ARE A 5 WAVE ABC SEQUENCE FROM 2002 TO 2009. IF WE BASE IN THE TECHNICAL ANALYSIS THEORY, THE PAST SHOWS UP AGAIN.
SO, FROM 2009 TO PRESENT IT SEEMS AS PAST IS SHOWING UP, AGIAN WE GOT A CLEAR 5 WAVE STRUCTURE AND IF I AM NOT WRONG, PRICE IS MAKING THE ABC SEQUENCE THAT FOLLOWED THE 5 WAVE AND NOW IS ON THE B WAVE.
IF YOU SEE I PUT THE FIB RETRACEMENT AND PRICE IS JUST AT THE 61.8%, ALSO MACD IS SHOWING DIVERGENCE. SO, IT COULD BE THE END OF THE (B) WAVE OF THE ABC SEQUENCE. AND PRICE IS GOING TO START THE (C) WAVE, THE ONE WE WANT TO RIDE TO THE -27% FIB LEVEL.
WHAT DO YOU THINK ABOUT THIS COUNT? AM I RIGHT?
PLEASE COMMENT IF YOU HAVE ANOTHER IDEA, OR JUST BE AGREE WITH ME. IT IS SO IMPORTANT THE FEEDBACK IN THIS COMMUNITY TO MAKE US A BETTER TRADERS TOMORROW.
