It seems like we've got a developing Skewed Triangle in wave B. However, I'll be out of the market until a pullback from the upper side of this pattern happens.
M180. There's an extension in wave (iii) of ((iii)). Smaller wave iv finished last Friday, so bears ready to deliver wave v of (iii). M30. We've got a pullback from the 38,2% retracement of iii, so wave iv ended in the form of a double zigzag. In this case, we could have wave v of (iii) in the short term. Meanwhile, there's an alternative wave count, which means...
There's a pullback from the 78,6% retracement of wave (i), so wave (ii) may have formed, which confirms by the last bullish impulse in wave i. Also, we've got a pullback from the 38,2% retracement of i, so there's an option to have wave iii of (iii) shortly.
The wave structure on the Daily chart is a quite complicated. We've got a leading diagonal in wave (A), a flat pattern in wave (B) and a developing ending diagonal in wave (C). So, wave ((c)) of 5 of (C) is likely going to move on in the direction of the upper side of the diagonal triangle.
M120. We've got a bullish impulse in wave ((i)). The price has broken the 30 Smoothed MA, so it's time for wave ((ii)). Under this circumstances, bears are likely going to deliver an impulse in wave (a). M15. There's a developing impulse in wave (a) with an extension in wave iii. Considering that wave ((5)) of iii is on its last legs, we could have wave iv of (a)...
M240. There's a zigzag in wave A or W, so we could have a downward correction in the coming days. Therefore, wave ((a)) is likely going to be continued towards the 38,2% retracement of the last upward zigzag. M30. A bearish impulse in wave (i) finished last Friday. So, it's time for a correction. The first target for wave (ii) is the 38,2% retracement of wave (i).
M180. Wave ((iv)) may have formed like a double zigzag. Also, there's a downward impulse in wave i, which means we could have another impulse in wave iii of (a) soon. M30. There's a possible zigzag in wave ii. If a pullback from the 61,8% retracement of wave i happens, there'll be a green light for wave iii of (a). However, this wave count requires confirmation,...
We've got the third pullback from the upward channel in the row. Also, the 50% retracement of wave ((iii)) has acted as support. Therefore, there's an opportunity to have a bullish impulse or diagonal triangle in wave ((v)) of 5 in the coming weeks.
M120. There’s another pullback from the 30 Smoothed MA, so wave (v) of ((i)) is likely going to be continued. At the same time, the beginning of wave ((ii)) is not far off. M15. We’ve got two pullbacks from the 38,2% retracement of wave iii. Also, there’s a double zigzag in wave ((2)), so the market is likely going to rise in wave v of (v) in the coming hours.
M180. No change. There’s an open door for wave (a) of ((v)). M30. The price is approaching the 78,6% retracement of wave ((1)) of iii. If a pullback from this level happens, there’ll be an opportunity to have wave ((3)).
M180. It’s possible that wave v of (iii) has been started. In this case, bears are going to deliver a new local low in the short term. M30. Wave iv may have been ended in the form of a double zigzag. In this case, we’re going to see an impulse on an ending diagonal in wave v of (iii) soon. However, the price hasn’t reached the 38,2% retracement of wave iii, so...
The price is still consolidating on the one-hour chart. We’ve got a small bearish impulse in wave (1), so there’s an opportunity to have wave (3) of ((C)) soon.
M240. The form of wave (4) is still unclear. We could have a double zigzag or a triangle, but both cases mean that we're likely going to see a bearish zigzag in wave B or X. At the same, there's the third option on the table. If the current downward price movement turns out to be just a local correction (something like we've got in wave ((b)) of A or W), then the...
M240. Wave (ii) turned out to be a little bit deeper. Nevertheless, the main bullish trend is still on the table, so we could have another upward impulse in wave (iii) of ((v)). M30. There's a flat pattern in wave (ii) with an ending diagonal in wave c. Also, bullish wave ((1)) of i has just arrived, so we could have a local correction, which is going to be wave ((2)).
There's an extension in wave iii. Also, we've got a possible double zigzag in wave iv, which is in progress. The main bullish targets are the 38,2% retracement of wave iii and the upper side of the current downward channel.
As you can see on the one-hour chart, we've got a bullish impulse in wave (iii) with an extension in wave iii. Also, there're a bearish impulse in wave ((A)) and a double zigzag in wave ((B)). Therefore, we could have another downward impulse in wave ((C)) of w soon.
M120. Wave (v) of ((i)) has entered final straight, which means wave ((ii)) is about to start. M15. There's a possible ending diagonal in wave v of (v), so we could have wave ((5)) in the coming hours. If a pullback from the upper side of this diagonal happens, there'll be the first step into a correction.
Wave i of (a) may have been formed, so it's time for a correction. The 38,2% retracement of wave i is the first target for wave ii.