From the current 4-hour structure, as long as the bull flag is broken, there is reason to look towards the 600 level, which will also touch the upper boundary of the upward channel. The possible scenario is that it may complete a full 5-wave pattern—Wave 4 drops sharply, Wave 5 reaches the top, and finally forms an M-top at 600. However, even if it doesn't follow the 5-wave pattern, based solely on the structure of the bull flag, it will likely form a top around 600. Once a top is seen here, it will be possible to discuss a larger-scale Wave C correction, meaning a break below the current upward channel, which would completely end the B-wave rally.
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
4
Repost
Share
Comment
0/400
FancyResearchLab
· 8h ago
The bull flag breaks out and heads straight for 600. Theoretically, this should be feasible... But with both a 5-wave pattern and an M-top, it feels like Luban No.7 is working again. Just don't cry when it breaks below the channel.
View OriginalReply0
BrokenRugs
· 19h ago
Breaking through the bull flag and heading towards 600, I accept this logic
View OriginalReply0
DegenRecoveryGroup
· 19h ago
Can 600 really be touched? Feels a bit uncertain
---
The bull flag needs to break before there's hope. What are you still hesitating for?
---
M wave? Another set? I just want to know when I can sell to the sky
---
If the bull flag can't be broken, everything is pointless. Let's wait and see
---
I've heard too much about the 5-wave theory, now I just want to see a decline
---
Getting a bit greedy at 600, better to hold the support first, brother
---
Another C wave and hitting the top. If this wave turns around, I'll be eating dirt
---
The key is whether it can break through. Lots of nonsense, huh?
---
End of B wave? I've heard this explanation hundreds of times, but I still can't trust it
View OriginalReply0
BearMarketBuilder
· 19h ago
600 is indeed a key point, but whether to break the bull flag is the real question.
From the current 4-hour structure, as long as the bull flag is broken, there is reason to look towards the 600 level, which will also touch the upper boundary of the upward channel. The possible scenario is that it may complete a full 5-wave pattern—Wave 4 drops sharply, Wave 5 reaches the top, and finally forms an M-top at 600. However, even if it doesn't follow the 5-wave pattern, based solely on the structure of the bull flag, it will likely form a top around 600. Once a top is seen here, it will be possible to discuss a larger-scale Wave C correction, meaning a break below the current upward channel, which would completely end the B-wave rally.