The 5 wave decline was followed but just a shallow retrece (less than 38.2%) this is uncommond
Therefore this could be because we are in a expanded flat retrace, and wave b the today's lows, this lows are consistent with the normal expansion of wave b (copared with wave a) in this kind of structures (127-138%).
If the price holds with the lows of today arrownd the actual levels this could explain the resilience in one of the worst start of sessions in many months.
Therefore this could be because we are in a expanded flat retrace, and wave b the today's lows, this lows are consistent with the normal expansion of wave b (copared with wave a) in this kind of structures (127-138%).
If the price holds with the lows of today arrownd the actual levels this could explain the resilience in one of the worst start of sessions in many months.