there is no secret, wave 4 ended n wave 5 started
i was expecting wave 4 to end just below 23000, as wave C's 100% target was also around 23015 , but wave 4 ended at 23155
then price went above the c wave's trendline, that was 5.1 wave, then retraced back n stopped in the 60-80% zone, that was 5.2 wave, n then gradually moved up n went above the A wave's trendline too, n then there was nothing to stop it, so price shot up , that was 5.3 wave
it is very difficult to identify these waves in real time, but once 5.1 n 5.2 were formed n price was moving up, i knew an impulsive move was abt to happen, either today or tomorrow with a gap up, luckily it happened today
View attachment 44523
i was expecting wave 4 to end just below 23000, as wave C's 100% target was also around 23015 , but wave 4 ended at 23155
then price went above the c wave's trendline, that was 5.1 wave, then retraced back n stopped in the 60-80% zone, that was 5.2 wave, n then gradually moved up n went above the A wave's trendline too, n then there was nothing to stop it, so price shot up , that was 5.3 wave
it is very difficult to identify these waves in real time, but once 5.1 n 5.2 were formed n price was moving up, i knew an impulsive move was abt to happen, either today or tomorrow with a gap up, luckily it happened today
View attachment 44523
But in most cases, wave 5 should close above wave 3. So you expect this to go above 24200. Is it not?
Or let us look at this way. If we assume that wave 3 is the longest in this up move, then wave 1=wave 5 in size. Wave 1 started at 20407 and ended at 21811. So wave 3 which started at 23155 should end at 24500. Is it not?
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