Working on the idea of a Zigzag pattern for Wave ((2)) in the soybean oil market.
In Elliott Wave Theory, a Zigzag pattern is a corrective wave pattern that usually consists of three waves:
Wave A:
This is the initial decline from 42.68 in 5 wave sequence, setting the stage for the corrective pattern.
Wave B:
3 wave corrective rally that follows Wave A.
Wave C:
This is the final leg of the Zigzag pattern, typically extending beyond the end of Wave A. Wave C is always either an impulse or a diagonal. My interpretation of the current structure is that Wave C has developed into an expanding diagonal and may possibly end at 3956.
Invalidation for this idea = 3956
In Elliott Wave Theory, a Zigzag pattern is a corrective wave pattern that usually consists of three waves:
Wave A:
This is the initial decline from 42.68 in 5 wave sequence, setting the stage for the corrective pattern.
Wave B:
3 wave corrective rally that follows Wave A.
Wave C:
This is the final leg of the Zigzag pattern, typically extending beyond the end of Wave A. Wave C is always either an impulse or a diagonal. My interpretation of the current structure is that Wave C has developed into an expanding diagonal and may possibly end at 3956.
Invalidation for this idea = 3956
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.