Hello. Current estimate for the end of the Zig Zag playing out in a combination (Flat with failed B leg, any three, zig zag, potential wxyxz) The Flat having a failed B leg created a Falling Three Peaks
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Head and Shoulders
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Bars mirrored and flipped
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Estimating WXY to finish around $7250-$7600
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Zig Zag playing out well Neck line broken from Head and Shoulders Stalled at the Pitch Fork mid point New lead in created, expecting a sudden bump soon
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Wolfe Wave to help with timing? Estimating September 3rd for a target around $7500
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Strong retracement back to the neck line If we break it I feel we go higher but thinking this is a good place to turn around
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Still thinking we are going lower Looks like Y leg (zig zag) already finished and we are in a A leg of second X in a WXYXZ If we go back above the neckline, then I think a WXY could be complete
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Current estimate I still feel the correction isnt over and that we are in a WXYXZ The main reason I am still bearish is because wave 2 is supposed to retrace 61.8% or more and we havent even hit 50% retrace A break outside pitchfork 100% says next impulse
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Current Estimate Thinking we are in a Triple Three If we break the top of the pitchfork then we are impulsive but i think we will reject at the pitchfork top and then begin Z of Triple Three