This recent drop looks big enough to be a new wave but it doesn't add up.
Wave 2 was a shallow retracement therefore Wave 4 is meant to be deeper and the upside target was never reached.
This leads me to conclude that there is one more Wave to go: Wave 5 - As weird as it looks, looks can be deceiving.
Wave 2 was a shallow retracement therefore Wave 4 is meant to be deeper and the upside target was never reached.
This leads me to conclude that there is one more Wave to go: Wave 5 - As weird as it looks, looks can be deceiving.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.