Price action has invalidated the prior Zigzag count. We are now tracking two scenarios:
White Path: The structure continues as a complex WXYXZ correction, with Wave Z still to come.
Yellow Path: A sharp rally may signal the start of a new impulsive Wave 1.
Key resistance is in play. Watch for reaction and divergence signs to validate either case.
Stay flexible and let the structure confirm the path.
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Related publications
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.