abc zigzag correction to the lower trend channel line, which is 62% of the upmove since 2001. This will lead the price to the preceding wave 4 area. Note that b would be 38% of a and c is 62% of a.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
