There is a possibility that this is the completion of a double zig zag, ending the sequence with a falling wedge.
There is also a possibility that we get a failed impulsive wave and start a triple zig zag combination. (WXYXZ)
There is little space on the bottom for this to happen, without invalidating the possibility of a second impulsive wave on the larger timeframe.
-Stay Patient & Remove Impulses-
There is also a possibility that we get a failed impulsive wave and start a triple zig zag combination. (WXYXZ)
There is little space on the bottom for this to happen, without invalidating the possibility of a second impulsive wave on the larger timeframe.
-Stay Patient & Remove Impulses-