Here is the updated wave count... it was a 5th wave extension... so the retracement happened not only to 0.618 but to the 4th wave levels too... So all set for wave 3
Note
As the 5th wave was extended and retraced 100 % it had to be the completion of a C wave in a ABC correction... So here is the bigger picture... with the next wave up with a revised target of 28. Hope this is a learning ...
Learning that we can only provide additional updates and not able to change the initial view...
Note
Looking closely the B wave is a triple three... which means that the next impuse move is going to be 261.8 of the previous impulse move... So the target is updated to 41
Related publications
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.
Related publications
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.