Adjusting the wave count :

On this frame of Platinum’s daily chart, I’ve shifted to second alternative on weekly analysis. Adjusting the wave counting of the ongoing wave (B) to the subsequent formation of W -Triangle X – Y .

Under the alternate view, the three-waves abc of the circle degree – as wave Y is likely in progress.

Currently, Platinum is correcting up, after completing a five-waves down likely as first wave of wave c (circled).

Note : The first and third waves of the wave (i), more look in three waves on the daily chart. But I necessarily treat the wave (i), as an impulsive five-waves sequence.

Platinum - Daily


Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s