This is the scenario that I am following for AFAX, which is a WXY correction
And now on the last side of Y .
It is true that I expect a further drop to $8, but the positivity is that it will end the correction and start the upward journey, either to wave 3 or a triple corrective rise B, but regardless of the type of rise, the targets will be beautiful.
We notice that the last leg of Y is a diagonal wave. We are currently almost finished with the third wave of it. We are watching and seeing what happens in terms of surprises.
Trade with caution
And now on the last side of Y .
It is true that I expect a further drop to $8, but the positivity is that it will end the correction and start the upward journey, either to wave 3 or a triple corrective rise B, but regardless of the type of rise, the targets will be beautiful.
We notice that the last leg of Y is a diagonal wave. We are currently almost finished with the third wave of it. We are watching and seeing what happens in terms of surprises.
Trade with caution