Overview: let's review my expectations on the update of yesterday:
Update: with the price action of today, I think we have 2 possibilities left for wave b of (III): it's either a triangle or a flat (I prefer the triangle, but it doesn't mean the flat scenario is not possible).
- I believe we completed wave a of (III) this morning at 3613 and initiated wave b of (III).
- So far, I see that we have completed a zigzag in this wave b.
- We have the possibility of having all the three correction types in here.
- We need a pullback and its extent will determine the type of correction that we are having.
Update: with the price action of today, I think we have 2 possibilities left for wave b of (III): it's either a triangle or a flat (I prefer the triangle, but it doesn't mean the flat scenario is not possible).
