Pinned straw:
Chart update 23rd July 24
I know today looks messy and volatile however if you drill down to the 10min chart it all makes sense . so long as it stops where it is, this is looking ahead
@Saiton - Can't really read charts. Is it saying that short term its in a channel of $2.29 - $2.52, but longer term is looking bullish?
(If so, then that would fit with my fundamental view.)
Hey @mikebrisy, its essentially the levels it $ will hit for each of the 5 waves. It may vary to a degree and at those times I will replot the chart taking into account any major variations from this path. Even thought the chart shows the levels of the main waves it may happen fast or slow over time so the plot isnt really time dependant, which or course will change how steep or shallow the trend channel will be. Remember that each wave is also made up of 5 smaller waves and so on.
