Chart 1H - Unless we have a true breakout to the bullish continuation critical line 4, I believed market in retracement phase to complete wave 4 before another bullish continuation to complete wave 5 and C. If this happen, we shall see either wave 5 is truncated (yellow) or another impulsive trend to complete wave 5 (white). But if later the price break my retracement critical line, then I need to re-counts again.
Chart 4H - Basically I divided the charts into 4 zones :-
1) Green Zones - Bullish Continuation Zones
Refering to either a wave 3 extension or wave 5 bullish continuation (white).
2) Teal Zones - Retracement Zones
Refering to corrective phase to complete wave 4 as long the retacement critical line is not taken. Expected once wave 4 is establish, we shall see a bullish continuation to complete wave 5.
3) Maroon Zones - Bearish Reversal Bias
Only considered once the retracement critical line is taken.
4) Red Zones - Bearish Continuation (Reversal Confirmation)
Only considered once the bearish continuation critical line 1 is taken.
** Please take notes that wave 5 could be a truncated wave (yellow) or an impulsive wave (white).
Chart Daily - Please study all alt counts (yellow, white & cyan) and I can only determine which counts is more favourably later.
Summary :-
Preferable, market in retracement (corrective) phase to complete wave 4 before another bullish continuation to complete wave 5.
Wave 5 could be a truncated wave or impulsive wave.
Please looks for a wave 4 retracement signal and later a wave 5 bullish continuation signal from BSTS. Adviseable to wait for a complete triggered BSTS signal before making any entry. Good luck.
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