So we have an ABC Corrective Wave from peak of 20th Feb. Right now Wave C is underway after Wave B completed at peak $1324.
Wave 1 of C completed at $1285 and we have a small Flat Corrective Wave ABC towards $1310 which labeled as Wave 2. Currently we are going for Wave 3 of C. I see another pullback from $1284 towards $1299 for subwave (2) of 3. Final target would be $1253 to complete the whole corrective structure from peak $1346.
After hitting $1253, i would look for Long position towards $1395 - $1420 to complete larger degree ABC Corrective Wave from low $1160. This might take till the end of the year to finish this whole setup.
Wave 1 of C completed at $1285 and we have a small Flat Corrective Wave ABC towards $1310 which labeled as Wave 2. Currently we are going for Wave 3 of C. I see another pullback from $1284 towards $1299 for subwave (2) of 3. Final target would be $1253 to complete the whole corrective structure from peak $1346.
After hitting $1253, i would look for Long position towards $1395 - $1420 to complete larger degree ABC Corrective Wave from low $1160. This might take till the end of the year to finish this whole setup.