Comment
[trading]
Fifth in a fifth
We have 2 consecutive wave degrees in an up trend that have a probability of completing
five waves! Therefore a reversal down could be pending.
The more patterns of different wave degrees show 5 waves that are completing,
the higher the probability that a major reversal is just around the corner.
This is a warning signal so prices could still rise further if the patterns extend, check other
indications of an ending trend as well. Active traders should focus on smaller
wave degrees starting from Minor or minute. The summary inspector will give its first indications
when the smallest wave degrees (at the bottom) change to negative.
The target is the area of the previous 4th wave, normally the bottom of this 4th wave will be reached.
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