"WAVE 4C WILL START IF THE CHANNEL IS BROKEN. WAVE 4C MAY TURN INTO TRIANGLE ABCDE OR ZIG ZAG ABC."
*TRIANGLE TARGET @ 16350 & 16000.
*ZIG ZAG TARGET 15,300 & 14,700.
ABOVE CHART IS ASSUMING ZIGZAG ABC FOR WAVE 4.*NOW BELOW CHART IS ASSUMING TRIANGLE ABCDE FOR WAVE 4. LOOK AT OUR TRIANGLE TARGET POSTED ON 1ST JULY @16350 & 16000 AND LOW PTBA REACHED 16300 ON 22 JULY:
TARGET FOR WAVE 4D UP @17100, SHOULD BE FOLLOWED BY WAVE 4E DOWN TARGET @16600 (WILL BE UPDATED ONCE WAVE 4D COMPLETED). A SPECULATION BUY COULD BE DONE NOW OR BUY AT WAVE 4E WITH TIGHT STOP LOSS @16300 BECAUSE IF THIS LEVEL IS BROKEN AGAIN, BIG WAVE 4 MAY STILL TURN INTO ZIGZAG ABC (CHECK ABOVE THE TARGET DOWN IS QUITE DEEP).
NOTE:
BOTH SCENARIOS ARE VALID AS LONG AS PRICE DOES NOT BREAK ABOVE 17650 DIRECTLY. IF PRICE BREAKOUT THIS LEVEL, WAVE 5-i MAY ALREADY START. WAVE 4 IS THE MOST HARDEST WAVE TO ANALYSE BECAUSE OF SO MANY POSSIBILITIES THAT COULD HAPPEN.
