this as it looks with this wedge shaped corrective structure shows that it have exhaustion and this down move is nearing the end.
so from the chart we can see that, that wedge shape form can be marked as 4th wave as corrective pattern of a motive wave.
my expectations r that it will make lower low after which im also expecting more bigger up move, as per bigger time frame chart bellow.
after making that ll an up rise im expecting to this lvls where it will make a consolidations before run up.
that blue rectangle is my previous expected low from that daily time frame.
so from the chart we can see that, that wedge shape form can be marked as 4th wave as corrective pattern of a motive wave.
my expectations r that it will make lower low after which im also expecting more bigger up move, as per bigger time frame chart bellow.
after making that ll an up rise im expecting to this lvls where it will make a consolidations before run up.
that blue rectangle is my previous expected low from that daily time frame.
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