One Push UP Before Major SELL (ELLIOT WAVE)
Based on the smaller timeframe mapping i believe we are currently in the Minor Wave 2 within the Major Wave 5. I believe we still have one more push UP before any Bearish Movement.This is because we can expect Minor Wave 2 to complete as a Zigzag Corrective Structure. We seem to have completed the 5 Wave LEG A followed by 3 Wave LEG B of the zig zag at the moment. What's left is LEG C which should unfold in a 5 wave pattern as Zigzags are always in a 5-3-5 form. Another thing to take note about Zigzags are that the length of LEG C is usually the same as its LEG A. Meaning we can expect the push up now to be about the same length as the LEG A. Once price has completed LEG C of the zigzag which would mean the end of Minor Wave 2, we would then start looking for our SELLS for Wave 3. However for now I believe we still have abit of an up movement before moving further down.
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