Overview: we started the week with the expectation that we extend lower in wave (III) of a of Z and with the daily updates, we could predict the price action accurately.
Update: I need to do a bit of relabeling to my update of September 1st. In that update, I believed that we have completed waves (A) and (B) of 3 of c of (III) and should start leg (C). With the price action of Friday that crossed the 4018.25 high, I think we actually completed wave (A) of 3 of c of (III), then a brief pullback for wave (B) of 3 of c of (III) and extending lower to complete wave 3 of c of (III) of a of Z follows. A potential target for the completion of wave 3 of c of (III) can be the 3750 area.
There is an alternate count that shows wave a of Z complete, which I think is of a very low probability, and we should know by Tuesday noon if that is actually playing out. For now, let's focus on the primary count.
Update: I need to do a bit of relabeling to my update of September 1st. In that update, I believed that we have completed waves (A) and (B) of 3 of c of (III) and should start leg (C). With the price action of Friday that crossed the 4018.25 high, I think we actually completed wave (A) of 3 of c of (III), then a brief pullback for wave (B) of 3 of c of (III) and extending lower to complete wave 3 of c of (III) of a of Z follows. A potential target for the completion of wave 3 of c of (III) can be the 3750 area.
There is an alternate count that shows wave a of Z complete, which I think is of a very low probability, and we should know by Tuesday noon if that is actually playing out. For now, let's focus on the primary count.
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כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.
פרסומים קשורים
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.