[EW] ASX:FMG correction nearing completion
Hi everyone
FMG has been in a minute degree correction since 7-8th Jan, it played out as a running flat (?). Seen a few of these across various charts and they're supposed to be rare lol.
Anyway, all the necessary internal waves seem to have played out which given the high degree .618 point of 18.82 leads me to believe this micro fifth will truncate, and begin the minute fifth.
We will see very shortly!
NFA, DYOR
FMG has been in a minute degree correction since 7-8th Jan, it played out as a running flat (?). Seen a few of these across various charts and they're supposed to be rare lol.
Anyway, all the necessary internal waves seem to have played out which given the high degree .618 point of 18.82 leads me to believe this micro fifth will truncate, and begin the minute fifth.
We will see very shortly!
NFA, DYOR
Note
Correction completed sooner than expected, wave (c) is complete. I got an average of 19.715 which was way above my target of 18.80 but it's 20.44 as of writing so I can't complainNote
Micro 3 was either micro 5 and I missed an internal count, or micro five truncated (see beginning of Mar 24th session).
elliott waves, asx, crypto, forex, making it.
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elliott waves, asx, crypto, forex, making it.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.