VET is in an ABC correction and Wave C turned into a complex Zigzag correction which is 5-3-5.
We are currently on the final 5th wave formation and seeing subwave 4. We are expecting one more drop for the final 5th subwave of the entire 5-3-5 zigzag correction.
As subwave 1 was extended, we can expect the 5th wave to be equal or shorter than the 3rd wave, which gives us a clear level to watch for price to stay above once the 5th subwave starts. This is because wave 3 cannot be the shortest.
Trade Idea: - Once the final 5th subwave starts, measure the length of the third wave and use it as invalidation level for buys - buy when bullish price action appears - Targets: 0.17, 0.28, 0.35, 0.45