Overview: in the update of yesterday, I expected that "we are in wave b of (z) of b." to complete around 3866.5!
Update: not much to update. Wave b of (z) of b bottomed at 3872.25 and now we are in wave 3 of c of (z) of b. My potential target for wave b peak of 3980 is still unchanged.
Update: not much to update. Wave b of (z) of b bottomed at 3872.25 and now we are in wave 3 of c of (z) of b. My potential target for wave b peak of 3980 is still unchanged.
Note
the count of yesterday got invalidated. I am still not convinced that we have peaked for wave b. For now, I am considering that wave b of (z) has developed as a flat and now we are in wave c of (z) of b.If we lose the ascending channel, then we would be confident that wave b has peaked and we have started the next bearish leg.
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Disclaimer
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.