There is a possibility we are looking at extended flat correction creation, we have to remember that on our bigger picture we are still at the 4th wave, extended flat are common correction on the 4th wave.
Also please notice the fib ext I’ve added, the one from the left is representing the whole move ABC, in extended flat correction wave B reaches to 1.38% from wave A.
Wave B is subdivided to ABC as well, by EWT wave A is equal to the length of wave C, the middle fib ext is representing the equlicity of wave A with wave C which validates our previews move cause, both left and middle fib ext projects for the same price target.
The right fib ext shows us the final destination of the wave which is also determined by 1.38 of the whole move.
This is only a hypothesis, the move is incomplete so it’s bit hard to completely determine, we just have to wait and see...
Best of luck to us all...
Also please notice the fib ext I’ve added, the one from the left is representing the whole move ABC, in extended flat correction wave B reaches to 1.38% from wave A.
Wave B is subdivided to ABC as well, by EWT wave A is equal to the length of wave C, the middle fib ext is representing the equlicity of wave A with wave C which validates our previews move cause, both left and middle fib ext projects for the same price target.
The right fib ext shows us the final destination of the wave which is also determined by 1.38 of the whole move.
This is only a hypothesis, the move is incomplete so it’s bit hard to completely determine, we just have to wait and see...
Best of luck to us all...
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