Flat correction / running or expanded /for wave iv /yellow /
- Watch EWO go above yellow (4 wave) - Stop 7.95 - Target 15 - Possible Entry 9.20+
●● Mine scenario ● 1D Most likely, the primary wave ((4)) forms a Contracting Triangle , in which the growth is subwave (B) in the form of a double zigzag W-X-Y. Further, i expect decline by the subwave (C) . The targets for wave (B) of ((4)) can be the level 790 , where there is a cluster of Fibonacci levels and extensions. ● 6h ...
Gold and silver - complex correction (triple zig zag )
Hello Traders, welcome to this week’s analysis on bitcoin. I hope you are all doing great From our last analysis, we expected some retracements for wave W, which we got and I labelled wave X, having a closer look on the smaller timeframe, the corrective structure looks like a zig zag, with 5 waves down in W and 3 waves up in X, in theory we should label WXY as...