I believe we just finished wave (W) in the corrective wave and we are heading into wave (X) which expected to retrace to 50% of wave (W)
I think we will have flat structure for wave (X) which is (3-3-5)
A-B already completed within wave (X)
and wave C within wave (X) expected to be 5 waves
Alternative scenario :
- if price fall below 1.16650 this will indicate to wave (C) still not completed and the structure for wave C will be a zigzag structure (5-3-"5")
this is my first time sharing Elliott forecast but hope to hear from you
I think we will have flat structure for wave (X) which is (3-3-5)
A-B already completed within wave (X)
and wave C within wave (X) expected to be 5 waves
Alternative scenario :
- if price fall below 1.16650 this will indicate to wave (C) still not completed and the structure for wave C will be a zigzag structure (5-3-"5")
this is my first time sharing Elliott forecast but hope to hear from you