Follow the price!
Assuming this bear impulse is the first wave of a 5-waves structure on daily/weekly. It could be at least an ABC if price does not hit the 23.6% retracement (see CHART). Trade with care!
Happy trading!
Could the demand overwhelm the supply? Let me know what you are thinking!
Happy trading!
The last fifth wave of daily/weekly zigzag correction (reactionary upmove) can get complex, which is fair enough based on exhaustion of the daily uptrend and the expectation of a great bearish movement on weekly basis. Happy trading!
Cheers to Trading View for the awesome Regression Trend tool!
Alternative wave count for the current weekly C-wave shows a potential ending diagonal as fifth wave. Zig Zag on weekly basis Good luck!
Much clearer now. Enjoy!
No-brainer analysis. Happy trading!
Looking good!
Ultimate wave count. It is assumed the flat ABC has already been completed (in this case, a running flat) and another impulse (a third wave in daily/weekly) is surging! Good luck!
Are we being witnesses of an EXPANDING ENDING DIAGONAL? Share your thoughts. What are your expectations?