looks like we are in a 5 wave decline from top (69K), where we currently are in the 5 th wave down. Wave 2 was a zigzag and wave 4 was a complex wxy. both 2 and 4 lasted 2 months = same wavedegree. We can expect wave 5 to be equal to wave 1 and therefore a likely level to bottom is 12 k.
In the short time we are in the red wave 2 . this could be finished, or we get one more move up to finish af bigger flat in red wave 2. We will see.
In the short time we are in the red wave 2 . this could be finished, or we get one more move up to finish af bigger flat in red wave 2. We will see.
Note
Complex b wave. I Think it has finished as a zigzag as w zigzag as x and triangle as y. Note
Still a flat. Complex b wave was a zigzag and flat as a combination 
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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.