Possible decline in the wave ((2)) ALt -one more high

25 oct 2020

Basic scenario - there is the wave 3 of (C) of ((2)) in underway. The possible shape of the wave (C) is a diagonal. So the wave ((2)) is going to be a ZigZag. RSX is heavily to the downside, that supports the idea with wave 3 down. But still there are only three waves down, so the alternative with one more high is still possible.
Alternative scenario also supposes a rise. According to the Alternative scenario there will be a final rise in to the new top in the C of (B) of ((2))
The upside should start from the current levels without breaking a channel of the decline. The whole wave B of (2) is to form the combination WXY. The possible levels in this case are around 43

29 oct 2020

Nota

Close to the possible end of the decline under the BS where the current decline is the (C) of ((2)) Zigzag shape

2 nov 2020

Nota

Wave 3 extension. BS -4-5 sequence. Alternative - up in the wave ((3))

3 nov 2020

Operación cerrada: objetivo alcanzado

Possible end of the ((2)). The rise looks like impulse to me. Alt count - still in (C) downside. Now in ((c)) of 4 (Flat shape). The shape of the decline will tell which scenario is true to the Market