If Wave C was completed at the previous low (near the 1.618 Fibonacci extension),
the correction could be counted as a running flat, marking the end of Major Wave 4,
and a new Wave 5 impulse may have already started.
However, due to the bearish moving average alignment and 0.382 Fib resistance,
further correction remains possible.
Currently viewing the internal structure of Wave C as a 5-wave move,
with the 4th wave unfolding as a flat correction (ABC structure).
For reference, the previous 2nd wave was a zigzag.
the correction could be counted as a running flat, marking the end of Major Wave 4,
and a new Wave 5 impulse may have already started.
However, due to the bearish moving average alignment and 0.382 Fib resistance,
further correction remains possible.
Currently viewing the internal structure of Wave C as a 5-wave move,
with the 4th wave unfolding as a flat correction (ABC structure).
For reference, the previous 2nd wave was a zigzag.
'규칙' & '패턴' 그리고 '조합'
blog.naver.com/lightvblue
blog.naver.com/lightvblue
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.
'규칙' & '패턴' 그리고 '조합'
blog.naver.com/lightvblue
blog.naver.com/lightvblue
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como asesoramiento o recomendaciones financieras, de inversión, de trading o de otro tipo proporcionadas o respaldadas por TradingView. Más información en Condiciones de uso.