Update to the earlier chart study. Script on its final leg of correction. E wave in progress of ABCDE correction.
Script has completed the impulse and it is expected to do a complex correction ABCDE before it breaks the historic GAP. Depth of correction is the target to re-enter long long position, which may give the all time high as a target. Price action enters complex correction it may take some time to break 57 levels.
likely wave count. observe an Expanded flat setup as there is an insignificant HH before 2 ABC correction, currently in 4th of C wave. I will wait for the flag to break either side to initiate short or long trade Expected break down with Depth of correction target.