It appears we may be near/at the end of a 5 wave move down. Typically, we would look for an ensuing larger corrective move or start of a new trend.
Note
This ties in nicely with my prior post regarding large/small "1.13" setups here.
Note
My (5) has extended, and has reached 2.00(1)=(5). We also sit just above an AB=CD beginning from 9/21/18 high.
Note
Additionally, measuring from beginning of (1) to low of (3) X .618, 1.00 from (4), this gives us an area for estimated completion of (5). We currently sit between these measures.
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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.