I see two possible wave structures - the green one where we finished 5 waves up to $9040, then the yellow ABCDE sideways correction, then a new wave up
or
The blue one where wave 4 is the yellow ABCDE correction, and wave 5 just finished at $9287, and now we are to start some correction wave down.
This is a very important distinction of course, because if it's option 1, then the correction is very small, but if it's option #2, then correction is much larger.
or
The blue one where wave 4 is the yellow ABCDE correction, and wave 5 just finished at $9287, and now we are to start some correction wave down.
This is a very important distinction of course, because if it's option 1, then the correction is very small, but if it's option #2, then correction is much larger.
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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.