Currently in wedge shaped A primary wave
This wave count suggests we're in a wedge shaped A primary wave. Leading wedges have the wave count 5-3-5-3-5 according to Elliott's wave theory.
The wedge is becoming very clear on this timeframe, and to sum it up no matter if the wave count inside the wedge is correct or not, we should short term expect more downside towards the lower side in the wedge, for probably below 1000.
The wedge is becoming very clear on this timeframe, and to sum it up no matter if the wave count inside the wedge is correct or not, we should short term expect more downside towards the lower side in the wedge, for probably below 1000.