We are currently on a Wave 5 that started when Wave 4(Red) completed. This 5th Wave expresses itself in 5 waves that are shown in Black. Our Wave 2 was a Zigzag and and we should expect a Flat correction for our Wave 4. When Wave 3 is complete an A Wave retests on the 261.8% Fib. level. Wave B goes beyond the end of Wave 3 and retests the confirms at the 423.6% Fib. level. This indicates the end of Wave B and the start of Wave C of the Flat, hence our Wave 4.
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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.