Wave 2 was a deep correction. Wave 3 projected 1.618 of Wave 2. Wave 4 is a more shallow and complex correction. Projecting Wave 5 to the upside around the 10,700 price range
W2 was a deep sharp pullback. W3 is 2.618 Fib extension of W2. W4 is a 50 Fib extension of W3 and also a deep pullback without moving into the price range of W1. Potentially a 5th wave projecting between the 1.80000 - 1.79700 price levels.
Potential to move to the upside around the 1.28100 level.
Wave 2 was a steep deep ABC correction and Wave 4 is a more shallow complex correction.
As Wave 3 is the extended Wave in the sequence, then Wave 5 will at least be around 61.8 ext retracement of Wave 3.
Potential move to the upside after steep declines.
Wave 2 was a deep correction and Wave 4 was a more complex shallow correction.
End of Wave 5 Projection targeting 63280 price zone.
Price looks to be moving to the upside to complete a 5th Wave.
Wave 2 was a shallow pullback, Wave 4 was a deeper ABC Pattern pullback. Although slightly overlapping into Wave 1, trade is still valid.
This pair looks like its moving to the down side. There is also divergence on the MACD.
However, this pair could potentially make one more move up before moving down.
