Correction made. Now it seems to be a correction on 4th elliot wave
Comment:
Percentage Retracements and Extensions (from Rules and Guidelines – p. 86-91)
In a diagonal, waves 2 & 4 each usually retrace .66 to .81 of the preceding wave.
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In a diagonal, waves 2 & 4 each usually retrace .66 to .81 of the preceding wave.
Source: elliottwaveplus.com/...-the-wave-principle/