You must have seen so many writing meaning less or showing a meaning less trend line in varied time frame and must have explained you how smart they are
the facts are far away form them ,
The outlook i am presenting here is of Monthly time frame , So its still due to close and at the time of its close we can confirm the Completion of Trend termination
This is very interesting chart so i have put up here , Usually i dont decorate the charts by labeling it , here you can see impulse wave 3 ( Primary) have extended itself
in sub-wave 5 , the extension usually occur in wave 3 in stocks and wave 5 in Commodity
Very interestingly the current pause or pre-defined trend termination has occurred just at the previous wave 4 of one degree lesser
Now internal of wave 4 is yet complete by confirming the termination of the sharp correction ,
One can wait for this monthly close and look for better entry set up
Good luck to you and all of those who called them self as wave analyst ,