TradingEW

Swift advance of a wave (c) retracement in completing wave b expanded flat correction, before resuming downtrend on H2 time frame

Deep retracement of a wave c before resuming trend towards 0.6182 x wave 3

An impulse wave down from 27 July top, setting up for shorts on retracement where it resumes trend. ** retracing wave b - RTB New Elliott Wave Rule.

Expecting downward thrust towards 44.80 area

Potential sizable retracement before resuming trend

Downside potential in the daily time frame - on impulse wave c of correction 4

Setup up on rise for a deep retracement of an impulse wave c down, being part of larger wave {4} correction.