SNX BULLISH COUNT
Although the fibonacci ratio of the Intermediate 3rd wave did not please me very much, I counted it as the 3rd wave. So we can start the 5th wave at any time.
There may be another small bearish wave at the 4h count. But it has no effect on the overall count.
If intermediate i.e. purple (1) intersects with intermediate (4), the count is invalid.
In the 4h time interval, if the area I marked as Y or (4) is invalidated, we can think that the Y wave is not over yet.
If the purple Y wave crosses the 1.272 fibonacci ratio, we should reconsider this count. And remember (1) should not be invalidated.
If it reaches 0.5 fibonacci value in the 4h timeframe, spot buying can be considered for the (5) wave.
There may be another small bearish wave at the 4h count. But it has no effect on the overall count.
If intermediate i.e. purple (1) intersects with intermediate (4), the count is invalid.
In the 4h time interval, if the area I marked as Y or (4) is invalidated, we can think that the Y wave is not over yet.
If the purple Y wave crosses the 1.272 fibonacci ratio, we should reconsider this count. And remember (1) should not be invalidated.
If it reaches 0.5 fibonacci value in the 4h timeframe, spot buying can be considered for the (5) wave.
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.