THIS IS NOT A TRADING ADVICE!!!
INFORMATION HERE WILL BE USED FOR A FUTURE AI
Direction: Descending
Tendency: Descending
According to my counting we are at the correction wave II (purple) of an impulsive wave after an ABC.
Purple I was a diagonal wave blue (I II III IV V).
I suppose Purple II is an ABC (yellow) (5-3-5) and I believe (A) leg has almost completed. I expect the price to move towards (B) and the to (C) to complete Purple II leg.
1D CHART
4H CHART
1H CHART
INFORMATION HERE WILL BE USED FOR A FUTURE AI
Direction: Descending
Tendency: Descending
According to my counting we are at the correction wave II (purple) of an impulsive wave after an ABC.
Purple I was a diagonal wave blue (I II III IV V).
I suppose Purple II is an ABC (yellow) (5-3-5) and I believe (A) leg has almost completed. I expect the price to move towards (B) and the to (C) to complete Purple II leg.
1D CHART
4H CHART
1H CHART
Expect to see more downtrend as shown on the chart.