Wave 5 ain't done.... Where you labelled wave 4 is wave 3 nd your W X correction is actually an ABC zigzag correction of a wave 4 which retraces at 61.8fib level of both wave 1 and 3( the one you labelled 1-5)... Overall direction is right
Hamaitifx
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Means u saying a retracment from fibo 61
Than down trend continues
abhinavt09
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@Alphatrader7, In an Ending diagonal.. Wave 5 usually smaller than wave 3 ... Invalidation level is the point where wave 5 get bigger than wave 3 and invalidate the wave count
Lixxrobigaba
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@Alphatrader7, it already hit it if draw it and check....