Updated

Wave 5 of (5) is in place ?

probably too early to conclude a significant top has been formed, but it seems very possible

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could be a flat c to re-test the 38.2% or 50% retracement levels

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looks like a triangle

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could be an expanding leading diagonal, extremely rare, but possible

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Guppy EMA says bearish

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the short-term pattern isn't crystal clear, the slope of white wave (iii) is weaker than the slope of wave (i), that's why i have the red (a)-(b)-(c) as alternative

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A blue flat A-B-C for blue wave (B) could be underway
The yellow bullish count is also possible but less likely to happen
Since the blue wave A can be counted in 3 waves, it can also be the entire bearish blue wave (B) OR we can even count blue (A)-(B) as (1)-(2)

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potential diagonal {c} of B or 2

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potential buy set-up

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number of bullish targets

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short-term bearish view

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no structural change so far

wsbza

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'

Email：info@ewc.space

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wsbza

'When you have eliminated the impossible, whatever remains, however improbable must be the truth.'

Email：info@ewc.space

Also on: