As mentioned in my previous analysis we are still in the Wave 2 corrective phase. This corrective phase seems to be unfolding as a Zig-Zag structure. Within the mentioned ZigZag Structure we seem to have completed its Minor Leg A (5 waves) followed by its Minor Leg B (3 Waves) and now we are in the midst of completing Minor Leg C which should unfold in another 5 waves move down.
Within the Minor Leg C of the Zig-Zag which we expect to unfold in a 5 wave move down, we seem to have completed its Wave 1 and Wave 2 currently in the process of completing its Wave 3
This Minor Wave 2 of the Wave 3 seems a little more complex, however i believe its trying to do a Flat Structure. Within that Minor Flat Structure we also are in its final Leg C which should unfold in a 5 wave move up. We seem to have either a drop and then push up to complete the Flat or price may just push up to complete the Flat Structure without any drop.
I will be looking for Major SELL as and when price completes my Flat Structure for Wave 2 in the Minor Leg C of my ZigZag.
Within the Minor Leg C of the Zig-Zag which we expect to unfold in a 5 wave move down, we seem to have completed its Wave 1 and Wave 2 currently in the process of completing its Wave 3
This Minor Wave 2 of the Wave 3 seems a little more complex, however i believe its trying to do a Flat Structure. Within that Minor Flat Structure we also are in its final Leg C which should unfold in a 5 wave move up. We seem to have either a drop and then push up to complete the Flat or price may just push up to complete the Flat Structure without any drop.
I will be looking for Major SELL as and when price completes my Flat Structure for Wave 2 in the Minor Leg C of my ZigZag.