THIS IS NOT A TRADING ADVICE!!! INFORMATION HERE WILL BE USED FOR A FUTURE AI
Direction: Descending Tendency: Descending
According to my counting we are at the correction wave II (purple) of an impulsive wave after an ABC. Purple I was a diagonal wave blue (I II III IV V). I suppose Purple II is an ABC (yellow) (5-3-5) and I believe (A) leg has almost completed. I expect the price to move towards (B) and the to (C) to complete Purple II leg.
1D CHART
4H CHART
1H CHART
Comment
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Expect to see more downtrend as shown on the chart.