Primary degree A is a three wave move down from primary degree 1 followed by a three wave WXY up into the target zones to complete primary degree B, Looking for primary degree C down in five waves to complete the Flat.
*Advice* is to wait for price to enter the target zones above to observe the reaction. If we get a strong rejection in 5 waves down that goes on to break two previous corrections in the uptrend, we want to enter on a B/X/2 wave(correction up in the downtrend) to capture the move down on the short side.
Moderately Likely(TEAL):
Primary degree 1 is followed by an ABC correction in 2 which is complete. We now have a double 1-2 in progress with the minute degree 1 being a diagonal which is currently in (iii), we still need a (iv) and (v) in the diagonal before minute degree 1 is complete.
*Advice* is to wait for minute degree 1 in the diagonal to complete and buy the 0.5-0.618 retrace of the minute degree 1 diagonal which should be swift in anticipation of the minute degree 3 up. Before buying we need to see a five wave move up off the low with good a good volume profile.
Least likely(GREEN):
Currently a triple 1-2 with the three of minute degree just getting underway. Note however that we have gaps bellow the last pivot indicating price should return to this region for liquidity. The more 1-2's we chain together the less likely the count, that's why this is the least likely count.
*Advice* is to wait for minute degree 4 for an entry.
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