I think we have seen only 3 waves down for now. A C wave should have 5. Therefore I believe we will se one more low.
Some people are counting this as a wxy instead which I assume is a possible count. But it's rare and should not be prioritized.
Tomorrow we will have a new CPI data. I think that the smallest bearish news could make the market to crash quite fast.
The target is the box. The subwaves down should be 5 waves also that can either be a normal impulse or an ending diagonal.
After hitting a new low, if we see a bullish divergence, then we have a large chance of hitting a new ATH in the future.
Some people are counting this as a wxy instead which I assume is a possible count. But it's rare and should not be prioritized.
Tomorrow we will have a new CPI data. I think that the smallest bearish news could make the market to crash quite fast.
The target is the box. The subwaves down should be 5 waves also that can either be a normal impulse or an ending diagonal.
After hitting a new low, if we see a bullish divergence, then we have a large chance of hitting a new ATH in the future.
Trade closed: target reached:
zone is hit, this is a good buy area for the short term.
Update of the count: LD so it seems the downtrend is far from over on the longer term.