In this wave 2 correction, we identified a WXY correction
W is a 3-3-5 flat pattern
Y is a 5-3-5 zigzag pattern
We are currently in the final 5 wave of the zigzag pattern (wave Y)
In a shorter term, it might correct to wave 2 (61.8% level) then resume downward momentum
W is a 3-3-5 flat pattern
Y is a 5-3-5 zigzag pattern
We are currently in the final 5 wave of the zigzag pattern (wave Y)
In a shorter term, it might correct to wave 2 (61.8% level) then resume downward momentum