Overview: let's review the expectations of the previous update:
Update: not much to update. We completed wave c of (x) as expected and now we should head higher to form the last zigzag and complete wave b. Again, don't forget that it is possible that we have peaked: we wait for the breakdown through the ascending trendline to confirm that.
- Developing wave b as a triple zigzag
- Second wave (x) is a flat with its wave 5 of c still missing.
- Wave b can be complete as a double zigzag and the confirmation for that is if we break the ascending trendline on the hourly chart.
Update: not much to update. We completed wave c of (x) as expected and now we should head higher to form the last zigzag and complete wave b. Again, don't forget that it is possible that we have peaked: we wait for the breakdown through the ascending trendline to confirm that.
