We're either dealing with an ABC correction currently, or the next leg up.
This analysis deals with the ABC correction case, before a subsequent fall (again). If either of these play out then we're looking at a fall to follow, if the price undershoots or overshoots, then it's the next leg up, where undershoot = w1, and overshoot = w3.
This analysis deals with the ABC correction case, before a subsequent fall (again). If either of these play out then we're looking at a fall to follow, if the price undershoots or overshoots, then it's the next leg up, where undershoot = w1, and overshoot = w3.
potentially a perfect bounce of the target