I hope to be wrong! Time will tell.
Within the 3PDh pattern, it begins with the 3 peaks.
From there, there is a (normally) 3 wave correction that
takes out the lows following peaks 1 and 2. This is called
a separating decline. From there price rallies and peaks.
Once it appears a decline has begun, we assume that the
"top" is in. Within this structure, 3 key days are used to
estimate the extent of the decline to come, thus generating
a target area to be reached.
This replaces the prior 3PDh chart done earlier in Nov.
These potential 3 peaks are closer timewise to the
assumed top area, and as such becomes the focus.
Again, let's hope I have erred in my identification.
Within the 3PDh pattern, it begins with the 3 peaks.
From there, there is a (normally) 3 wave correction that
takes out the lows following peaks 1 and 2. This is called
a separating decline. From there price rallies and peaks.
Once it appears a decline has begun, we assume that the
"top" is in. Within this structure, 3 key days are used to
estimate the extent of the decline to come, thus generating
a target area to be reached.
This replaces the prior 3PDh chart done earlier in Nov.
These potential 3 peaks are closer timewise to the
assumed top area, and as such becomes the focus.
Again, let's hope I have erred in my identification.