HK50 has spent much of 2023 in a parallel channel that i am counting as a double two. The market has retraced to the .768 of the impulsive wave A. Wave C is currently unfolding.
Why would you count the whole move corrective as circled a,b,c? Maybe it's a new bull market and wave 3 is about to start.
Clapperton_
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@memoreister, clearly wave is likely to unfold into an impulse wave (c) or wave (3). The price action coupled with wave characteristics at the fib extension of 1 (24962.1) will give profound indication. The market hasn't broken the down trend channel yet.