Impulsive wave 5 is on the progress which will terminate the high of the wave 3.
Wave 5 is the smaller degree of a wave iii. The next wave iv would be a flat pattern. As a rule, if wave ii ended with a zigzag pattern, then the wave iv might end as flat pattern.
The price is very strong enough to go up as it has supported the 200ma along with RSI and MACD with a positive indication.
Wave 5 is the smaller degree of a wave iii. The next wave iv would be a flat pattern. As a rule, if wave ii ended with a zigzag pattern, then the wave iv might end as flat pattern.
The price is very strong enough to go up as it has supported the 200ma along with RSI and MACD with a positive indication.