Hi traders,
Overview: its been a while that the price action has matched our expectations perfectly. As usual, lets review our expectation on July 7th update: "I see us in III of (a) of y of X. Potential targets for this wave: 3940-3950."
Update: I see wave III of (a) of y of X complete and it fell a bit short of the target I set (3922 actual vs 3940 expected). Right now, we are in the process of wave IV and based on wave II (deep double zigzag), it is expected to be a shallow flat (or triangle). Potential targets for this wave IV can be 3870-3880. For now, it is too early to come up with potential targets for wave V of (a), but I am expecting the 3950-3960 range.
Overview: its been a while that the price action has matched our expectations perfectly. As usual, lets review our expectation on July 7th update: "I see us in III of (a) of y of X. Potential targets for this wave: 3940-3950."
Update: I see wave III of (a) of y of X complete and it fell a bit short of the target I set (3922 actual vs 3940 expected). Right now, we are in the process of wave IV and based on wave II (deep double zigzag), it is expected to be a shallow flat (or triangle). Potential targets for this wave IV can be 3870-3880. For now, it is too early to come up with potential targets for wave V of (a), but I am expecting the 3950-3960 range.
