Please take a look at the current juncture
Green is the option 1:
- new impulse is forming, the correction is quite shallow t H1, may be a flat with the wave c of it testing the prior low. Likely, it will pullback deeper before the main advance in wave 3. If not, then a good idea will be to buy-stop the peal of local wave 1
Blue is the option 2:
- on the other hand, the last downtrend may be labeled as an expanding diagonal, implying, the pair may try to form a WXYXZ deep pullback to the large first wave, that determines the new trend (confirmed at the time of the US presidential elections).
Green is the option 1:
- new impulse is forming, the correction is quite shallow t H1, may be a flat with the wave c of it testing the prior low. Likely, it will pullback deeper before the main advance in wave 3. If not, then a good idea will be to buy-stop the peal of local wave 1
Blue is the option 2:
- on the other hand, the last downtrend may be labeled as an expanding diagonal, implying, the pair may try to form a WXYXZ deep pullback to the large first wave, that determines the new trend (confirmed at the time of the US presidential elections).