after a Correction this started an impulse wave up based on HTF and again 1st wave moved fast and far form the point of start , and 2nd wave was shortest due to higher participation of retail it went up for 3rd wave and now we are seeing sharp drop , usually i call it as 4th wave for correction after such an extended move
This week if price closes positive and reverse we are looking for possible 5th wave which might end up as Truncated 5th wave before entering short term correction , if price continue to drop then i have to look through the structure again
This week if price closes positive and reverse we are looking for possible 5th wave which might end up as Truncated 5th wave before entering short term correction , if price continue to drop then i have to look through the structure again
Comment:
Went further low then the forecast