Nice end of the year, followed by a not so nice start of the new year?...
... so good. The expanding leading diagonal appears to have been confirmed, having reached the price level predicted in my previous post. If price continues confirming my plan, it will keep rallying sharply (typical reaction after a diagonal) in order to complete minute wave b, so that then a sharp and big impulse will head south, for finishing the double zig-zag...
Down for the 5th wave of an expanding leading diagonal, to complete the first leg of the final zig-zag?
Would have implications at a long term level... bullish implications...
... from the high, we could be having an impulse... and if that's the case, more downward pressure will come...
Nope, right?... My proposed ending diagonal in subminuette degree appears to have been confirmed. Now what? Could the decline be the 2nd wave of the ending diagonal in minor degree I've been proposing? Or will it be something else? The answer one can give comes from the interpretation one does from the high in January. And, in my opinion, that high was followed...
Let's rally to complete the ending diagonal and hence the first wave of the bigger ending diagonal? Be aware it can also go down!...