Greetings! It is possible that the wave A of (4) takes the form of a double zigzag. This double zigzag is still not completed. Now the wave (c) of ((y)) of A ( scenario 1) is probably unfolding. If this is the case, then the price should go below the end of the wave (a) of ((y)) of A, i.e. below 28600.
I have two approximate end points of the wave of A:
wave ((y)) = 0.382 wave ((w)) is equal to 28036
wave ((y)) = 0.618 wave ((w)) is equal to 19817
As long as the price is inside the corrective channel and below the key level of 41341, a decline is likely.
There is also a scenario 2 in which the wave (b) of ((y)) of A is still not completed, then in this case the price will continue to draw a corrective wave model.
I expect to see a rapid decline in a short period of time in the near future. If this does not happen, then most likely we are facing scenario 2.
In an alternative scenario, this decline represents an impulse wave.
I have two approximate end points of the wave of A:
wave ((y)) = 0.382 wave ((w)) is equal to 28036
wave ((y)) = 0.618 wave ((w)) is equal to 19817
As long as the price is inside the corrective channel and below the key level of 41341, a decline is likely.
There is also a scenario 2 in which the wave (b) of ((y)) of A is still not completed, then in this case the price will continue to draw a corrective wave model.
I expect to see a rapid decline in a short period of time in the near future. If this does not happen, then most likely we are facing scenario 2.
In an alternative scenario, this decline represents an impulse wave.
