So we are very close to the level of 6080 that would give a confirmation or otherwise to our labels -- particularly to the starting point of current Upward Impulse -- whether it started from 5823 or 5843 or 5864.This issue was raised in one of my previous posts:
A range of 5965-6085
Today's Hour Chart:
.png)
.png)
.png)
But if we breach 6080 then all the above labels would be invalidated and we shall have to revert to our following understanding:
which,when followed through would look as follows:
.png)
This sw3 can either be extended OR a subwave of an Ending Diagonal as we are quite close to the UTL of this Daily Channel:
.png)
And here too the difference in Linear & Log Charts becomes quite marked--- while the above chart is a Linear Chart,the Chart below is a Log Chart which shows the UTL of the channel as "some" distance away:
.png)
A range of 5965-6085
Today's Hour Chart:
.png)
.png)
.png)
But if we breach 6080 then all the above labels would be invalidated and we shall have to revert to our following understanding:
.png)
This sw3 can either be extended OR a subwave of an Ending Diagonal as we are quite close to the UTL of this Daily Channel:
.png)
.png)
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