For traders (lower timeframe): The primary expectation is now that we will go back into the wave X area to take out the previous high. That would mean we get an additional correction up as a wave X. This move should be followed by further downside as a wave Y. For investors (higher timeframe): In the higher timeframe, investors should wait till the higher degree...
It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y.
It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y.
It looks like the primary scenario is playing out and we are reversing from the wave X area. We expect more downside as an ABC structure to finish wave Y.
The primary scenario is playing out and we reached the wave X area. There are several indications that a reversal to the downside is near.
The primary scenario is playing out and we reached the wave X area. There are several indications that a reversal to the downside is near.
In the higher timeframe, investors should wait for the next pullback to buy again. We are approaching the first relevant areas.
The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.
The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.
The primary scenario is playing out and we reached the wave X area. There are several indications that a downward reversal is near.
The primary scenario (in green) assumes more upside in a corrective pattern to finish wave X. The secondary scenario (in red) assumes that we will get an ABC correction and therefore we need another leg down (wave ((v))) to finish wave A.
In the higher timeframe, investors should wait for the next pullback to buy again. We are approaching the first relevant areas.
In the higher timeframe, investors should wait for the next pullback to buy again. We are approaching the first relevant areas.
The wave ((b)) of the abc correction might be finished. We are in the areas where wave c, wave (y), and wave ((b)) should end. From here we can expect a reversal.
The wave ((b)) of the abc correction might be finished. We are in the areas where wave c, wave (y), and wave ((b)) should end. From here we can expect a reversal.
The wave ((b)) of the abc correction might be finished. We are in the areas where wave c, wave (y), and wave ((b)) should end. From here we can expect a reversal.
More downside is expected as an abc correction to finish wave c, wave (y) and ((b)). From there we go long again.
More downside is expected as an abc correction to finish wave (y) and ((b)). From there we go long again. However, if the current wave (x) high does not hold, another short can be initiated.