Correction made. Now it seems to be a correction on 4th elliot wave
Note
Percentage Retracements and Extensions (from Rules and Guidelines – p. 86-91)In a diagonal, waves 2 & 4 each usually retrace .66 to .81 of the preceding wave.
Source: elliottwaveplus.com/guide-2-wave-notes-an-outline-of-the-wave-principle/
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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.