1. 5 wave down complete.
2. ABC correction up coming, I doubt it will surpass 4th wave down.
3. 5th wave down to occur after a hit at ~$540.
4. The 5 wave down, ABC up, 5 wave down finishes the larger ABC correction that is forming.
This structure also forms a h&s pattern with the previous resistances at $540-$550.
2. ABC correction up coming, I doubt it will surpass 4th wave down.
3. 5th wave down to occur after a hit at ~$540.
4. The 5 wave down, ABC up, 5 wave down finishes the larger ABC correction that is forming.
This structure also forms a h&s pattern with the previous resistances at $540-$550.
Comment:
ABC move is done. We have formed a bear flag, once we break out of it we will see wave 1 occur. Wave 2 correction will give us an idea of what targets to shoot for for waves 3 & 5.