-Bearish trend
-Double correction pattern with a leading diagonal on wave (a) of a second zigzag pattern. It indicates a bearish on this market. the last leg that is forming is a wave (c) which could be either impulse or ending diagonal.
-Second pattern taking longer time than the first one to form.
- Wave (c) if impulse will form double bottom pattern as shown in the chart.
*******this is just my analysis. wave count might be wrong or can go against my analysis.
-Double correction pattern with a leading diagonal on wave (a) of a second zigzag pattern. It indicates a bearish on this market. the last leg that is forming is a wave (c) which could be either impulse or ending diagonal.
-Second pattern taking longer time than the first one to form.
- Wave (c) if impulse will form double bottom pattern as shown in the chart.
*******this is just my analysis. wave count might be wrong or can go against my analysis.