CLSK According to the bearish alternative in my weekly frame(not posted!), I'd analyzed the rising tide since April 7 as an A-B-C zigzag formation in a correction of the Intermediate degree wave (B) <<. Not shown in this 3h frame.
Wave Analysis >> As illustrated in the 3h-frame above, the Minor degree wave C as the last part of the correction upward in wave (B) may thoroughly develop in an ending diagonal, which remains in its very late stage; after a triangle correction in Minute degree wave iv(circled) now a final advance in the same degree wave v(circled) is anticipated to follow very soon to conclude the ending diagonal wave C of the countertrend advance of wave (B).
Trend Analysis >> After completion of the possible ending diagonal as Minor degree wave C, the trend will soon turn downward in an ultimate decline in Intermediate degree wave (C), which will likely last until the end of the year!!
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