This has pretty much panned out and I think we're getting close to finishing off the Y leg.
Notes
* W or Y should be a ZZ. Since W wasn't Y should be. For Y to be a ZZ it should retrace to at least the 0.618 (not a hard rule but common occurrence. This has confluence with trendline geometry and horizontals.
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.
This has pretty much panned out and I think we're getting close to finishing off the Y leg.
Notes
* W or Y should be a ZZ. Since W wasn't Y should be. For Y to be a ZZ it should retrace to at least the 0.618 (not a hard rule but common occurrence. This has confluence with trendline geometry and horizontals.