OK so decided to pull apart the Blue Wave 2 correction and see where it is.
So it looks like the Red B wave had an expanded (B) wave which throws off the count.
Looks can be deceiving with the waves so it pays to objectively look at each wave because the shapes of them make you assume otherwise.
Once this Red E Wave starts making its way back down and nears completion then a break above the last high (The beginning of Red E Wave) will confirm Blue Wave 2 is done.
I will post another update shortly.
Please LIKE and FOLLOW to get notification of updates and future posts.
So it looks like the Red B wave had an expanded (B) wave which throws off the count.
Looks can be deceiving with the waves so it pays to objectively look at each wave because the shapes of them make you assume otherwise.
Once this Red E Wave starts making its way back down and nears completion then a break above the last high (The beginning of Red E Wave) will confirm Blue Wave 2 is done.
I will post another update shortly.
Please LIKE and FOLLOW to get notification of updates and future posts.
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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.