Hello investors and traders,
If we consider the July Low as a triangle in Intermediate Blue 4, and the next move just minor 1 red of intermediate 5 complete, we should see a deep correction to complete minor red 2.
The market seems to create a double zigzag correction with a wave X as a triangle.
With a projection of 1.618 from wave 2 red (around 0.618 of wave 1 red) "to be complete", the current target is $8.5
What's your target?
If we consider the July Low as a triangle in Intermediate Blue 4, and the next move just minor 1 red of intermediate 5 complete, we should see a deep correction to complete minor red 2.
The market seems to create a double zigzag correction with a wave X as a triangle.
With a projection of 1.618 from wave 2 red (around 0.618 of wave 1 red) "to be complete", the current target is $8.5
What's your target?
Comment:
It seems like the triangle has been completed. I don't think the spike down can be considered wave C. I honestly didn't check on other exchanges.
