in wave analysis,
we might completed the last leg c of Z wave as a triangle shape ( wave e in the triangle probably completed but there is a potential to go down slightly to finish the tringle shape) and this count will be solid and confirmed if the prices goes beyond 7420 which then we can see a real rocket move to the up direction... and count will fail, if the price goes under the invalidation point of 5865.
in classical analysis,
the price correction exceeded the 61.8% fibo (is it enough, could be) also we have a development of new two higher lows which might gives evidence to go up but this still need new higher tops.. for now we need price to breakout the triangle upper trend line and to record a new higher top (just upper than 7420) to confirm the up direction move!
good luck
we might completed the last leg c of Z wave as a triangle shape ( wave e in the triangle probably completed but there is a potential to go down slightly to finish the tringle shape) and this count will be solid and confirmed if the prices goes beyond 7420 which then we can see a real rocket move to the up direction... and count will fail, if the price goes under the invalidation point of 5865.
in classical analysis,
the price correction exceeded the 61.8% fibo (is it enough, could be) also we have a development of new two higher lows which might gives evidence to go up but this still need new higher tops.. for now we need price to breakout the triangle upper trend line and to record a new higher top (just upper than 7420) to confirm the up direction move!
good luck
@thonayan99