Now we are in the corrective phase and currently in Wave C which is a 5 wave impulse lower. We are currently in the 3rd subwave and expecting a brief retracement for subwave 4 and then another move lower for subwave 5. We have the fibonacci extensions in place for possible reversal zones which we can look at for a bounce. We also have a descending trendline in...
Now we are in the corrective phase and currently in Wave C which is a 5 wave impulse lower. We are currently in the 3rd subwave and expecting a brief retracement for subwave 4 and then another move lower for subwave 5. We have the fibonacci extensions in place for possible reversal zones which we can look at for a bounce. We also have a descending trendline in...
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