- There is a chance that the Cycle Wave III is a non-standard correction (ABCXABC), where the current Primary wave may be a triangle.
- If prices break the downward trend, then this Cycle Wave III is more likely to be an impulse wave.
- If prices break the downward trend, then this Cycle Wave III is more likely to be an impulse wave.
Trade closed: target reached:
If you bought on Aug 17 when I made the analysis, you will easily have gotten a 20% gain.