This is one of the ways how the current correction within the wave X of WXY could unfold.
It is a contracting triangle. After completion we could see another wave down, which is Y.
I highlighted the target area with an orange box, this is where Y is equal to W.
It perfectly fits with the Fibonacci retracement area between 78.6% and 88.6%.
It is a contracting triangle. After completion we could see another wave down, which is Y.
I highlighted the target area with an orange box, this is where Y is equal to W.
It perfectly fits with the Fibonacci retracement area between 78.6% and 88.6%.
