Overview: let's review the expectations on the update of yesterday:
Update: based on the hourly chart, I believe that we are still in wave b of (y) of b of Z, developing as a flat.
- The bearish move of August 16th to Oct. 13th is considered as leg a of Z and we are now in wave b of Z.
- Looking into the hourly chart, wave b of Z can be a double or triple zigzag.
- Potential targets for wave b peak? (~3980)
Update: based on the hourly chart, I believe that we are still in wave b of (y) of b of Z, developing as a flat.
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Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.