Ascending EW base channel
The channel is made by drawing a parallel channel from the start of WAVE 1 to the end of WAVE 2 to the end of WAVE 1.
In EW channeling theory you will like to see a WAVE 3 which goes above the channel's top band- CHECK
For WAVE 4 you want to see a re-entry into the channel and preferably price-action not going down the mid band of it - CHECK
The objective of WAVE 5 will be a zone between the 1 to 1 ratio of WAVE 1 and the 132% of the WAVE 4. This zone is defined by the RED Rectangle in the chart!
In EW channeling theory you will like to see a WAVE 3 which goes above the channel's top band- CHECK
For WAVE 4 you want to see a re-entry into the channel and preferably price-action not going down the mid band of it - CHECK
The objective of WAVE 5 will be a zone between the 1 to 1 ratio of WAVE 1 and the 132% of the WAVE 4. This zone is defined by the RED Rectangle in the chart!
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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.