Short downtrend
Goal largest upward motion correction confirmed the new movement at the same time creating a downward correction of the upward movement that ended in accordance with the prediction . According to the theory of waves the end of the correction should be close wave 4 bottom level of the previous movement. At this level requires the retracement of the 50%, so it is highly unlikely place to reverse downward correction in the longer downward movement.
At the moment, I expect to create a corrective wave B.
Price will tell whether the current move is just a correction or a new downward impulse.
At the moment, I expect to create a corrective wave B.
Price will tell whether the current move is just a correction or a new downward impulse.
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