CEMEX/CPO likely doing a regular flat, next movement a wave C . Long term, short but meanwhile an upside. Could be complicate the flat and do more wave between.
We bealive the "regular flat iteration" is less likley, since the (B) Wave touched the previous minimum, making it at least an expanding or running flat. In any case we bealive it is more likley that we see a new impulse wave in this movement, rather than the last phase of a correction of a larger degree.
We bealive the "regular flat iteration" is less likley, since the (B) Wave touched the previous minimum, making it at least an expanding or running flat. In any case we bealive it is more likley that we see a new impulse wave in this movement, rather than the last phase of a correction of a larger degree.
Good Trading!