THIS IS NOT A TRADING ADVICE!!! INFORMATION HERE WILL BE USED FOR A FUTURE AI
Direction: Ascending Tendency: Descending
Corrective wave cyan II is expected to be a WXY or WXYZ, based on the difference between Cyan II and Pink Y target, I suppose it will be a WXYZ.
1W CHART
I suppose we are in the C leg of an ABC, B at November 2007 low. C leg is a 12345 (green) motive wave shaped as diagonal. Green (1) is a 5 wave impulsive (red I II III IV V) Green (2) is a corrective wave WXY (red) Green (3) is impulsive (red I II III IV V) Green (4) is a corrective wave WXY (yellow) Green (5) is impulsive (cyan I II III IV V)
D CHART
Subwave of Green (5) is cyan I II III IV V Cyan I is a diagonal (yellow I II III IV V) all consist of ABC. We are now at cyan II leg. I suppose we will see a WXY or a WXYZ.
4H CHART
Cyan II correction, I expect to see a WXY or a WXYZ. Target area for II is marked on the chart. Target for pink WXY is also marked on chart. I suppose W and X have already been completed. For Y leg, I expect to see a blue WXY.
1H CHART
Pink WXY (Cyan II correction) W leg is an ABC (orange) X leg is also an ABC (green) [A (yellow i ii iii iv v), B (yellow WXYZ), C (orange i ii iii iv v)] Y I expect to see a WXY or WXYZ
Comment
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Yellow (a)(b)(c); b correction formed as a triangle (3-3-3-3-3). Point E may undershoot or overshoot. Overshoot area is shown on the chart.