Hi everyone At the moment we see a complex model of correction in the form of an A-B-C zigzag and a triangle. This wave model is found in 90% of cases in the penultimate wave, it is either 4 or wave B. If this is the case, then I see further movement in the downward direction, forming a 5-pulse wave. If we break it up, then this formation will already be a wave 3 of the ascending impulse, but this is extremely unlikely, because usually the impulse waves of the 1-2-3-4-5 formations are swift in their nature and do not linger long by 1-2-3 waves, and we are just a very long time at these levels, which most likely indicates a 4th wave than a 2nd wave.
The alignment is as follows: 80% per drop 20% for growth
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.