From the 2019 - 2022 bull run, the long drawn complex corrective phase is beginning to trace out a major A_B_C formation to complete its 5 impulse and 3 corrective wave.
We can expect wave (c) of Wave B to pan out a 5 wave structure If the reading is correct .
Given the current movement at the point of writing, wave iv (yellow) retraced 0.618% of wave iii and that wave c is 1.618 of wave a - meeting at almost the same place increases the probability of a wave v to the upside to complete wave B .
FCPO has an approximate 3 year high cycle positioned in 2025 which augment the possibility another up move .
We can expect wave (c) of Wave B to pan out a 5 wave structure If the reading is correct .
Given the current movement at the point of writing, wave iv (yellow) retraced 0.618% of wave iii and that wave c is 1.618 of wave a - meeting at almost the same place increases the probability of a wave v to the upside to complete wave B .
FCPO has an approximate 3 year high cycle positioned in 2025 which augment the possibility another up move .
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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.