From what it seems, AI made a 3 wave move before dropping impulsively.
That drop doesnt look corrective so i expect following potential outcomes.
Leaning more to deeper correction. (Red pattern)
Flat corrections require 3/3 /5 patterns
It looks like
A (Flat)
B (Zig zag)
C (Impulse) (for the moment its only 1 of 5 waves.
My longs are safe with stop loss in profit. Waiting game for more resolution.
That drop doesnt look corrective so i expect following potential outcomes.
Leaning more to deeper correction. (Red pattern)
Flat corrections require 3/3 /5 patterns
It looks like
A (Flat)
B (Zig zag)
C (Impulse) (for the moment its only 1 of 5 waves.
My longs are safe with stop loss in profit. Waiting game for more resolution.
Commentaire:
Beast
Commentaire:
Not a bad place to take profits if you longed this one. This is a decent C wave target if the whole structure was a ZIG ZAG.
Good reaction so far of the lows. Lets see if this develops into a nice impulse.