We're either dealing with an ABC correction currently, or the next leg up.
This analysis deals with the ABC correction case, before a subsequent fall (again). If either of these play out then we're looking at a fall to follow, if the price undershoots or overshoots, then it's the next leg up, where undershoot = w1, and overshoot = w3.
This analysis deals with the ABC correction case, before a subsequent fall (again). If either of these play out then we're looking at a fall to follow, if the price undershoots or overshoots, then it's the next leg up, where undershoot = w1, and overshoot = w3.
Note
potentially a perfect bounce of the target
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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.