It looks like first 5 waves down of wave A are over in the upcoming zigzag structure.
Next we could see 3 waves up in the countertrend correction, wave B.
It could reach between 50% and 78.6% of wave A.
Then there is a second leg of 5 waves down of wave C.
Let us see how it goes.
Next we could see 3 waves up in the countertrend correction, wave B.
It could reach between 50% and 78.6% of wave A.
Then there is a second leg of 5 waves down of wave C.
Let us see how it goes.
Commento:
It reached the charted end of zigzag, it would be a magic if it falls right from there
Commento:
Now it is safe to say that the blue zigzag I added to the chart is showing magical accuracy )))
Commento:
It could be a full retracement in wave B to shape regular flat
Commento:
two other options white & blue labels
As soon as previous top at 2789.15 wasn't tagged there is a chance that we have very deep wave 2 of C (white).
Blue option have no problem with this invalidation level and can unfold anyway.
As soon as previous top at 2789.15 wasn't tagged there is a chance that we have very deep wave 2 of C (white).
Blue option have no problem with this invalidation level and can unfold anyway.
Commento:
Update with new labels
trend is your friend
Commento:
Updated target at 2434 where Y=W (yellow labels)
Commento:
Updated targets:
Target 1 = end of W = 2533
Target 2 = y=w (yellow) = 2472
Target 1 = end of W = 2533
Target 2 = y=w (yellow) = 2472
Commento:
initial idea almost fully came true but the reversal invalidated this pattern at the end
