Double failure swing high?
Thinking in alternatives.
I suppose there will be a double failure swing high, a 1-2 1-2 in wave 3, which means a sizable downward pressure towards 2500 as the blue waves represent.
But there is another alternation. If the falling red channel breaks upward, then there is one more rising wave. This is illustrated by the purple waves.
We will see which one is in the pocket.
If you have your own opinion or thoughts about the current market situation, feel free to write it in comment below and please support me with your like.
I suppose there will be a double failure swing high, a 1-2 1-2 in wave 3, which means a sizable downward pressure towards 2500 as the blue waves represent.
But there is another alternation. If the falling red channel breaks upward, then there is one more rising wave. This is illustrated by the purple waves.
We will see which one is in the pocket.
If you have your own opinion or thoughts about the current market situation, feel free to write it in comment below and please support me with your like.
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