Bullish Potential

Updated

If the above double zigzag WXY is the end of larger degree wave (2) or (B), a wave (3) or (C) rally should appear very soon.

Note

equality in length between wave X and Y
recent low near 61.8% Fibonacci level
break above 609.21 could signal further upside potential at least for the short-term

Note

A new low came up today, we need to reconsider the overall pattern

Note

maybe this is a triple zigzag WXYXZ, no immediate bullish potential

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

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