We need to hold .382 retracement if we break it then this is invalidated. I have 2 scenarios for how this might play out. In the light green count we would have the 3rd wave done with and we would probably consolidate for a longer period of time until the 5th wave. In this scenario the 5th wave would be extended. In the Red is an extended 3rd wave. We would have 5 waves total. If it does confirm red count then our 3rd of the 3rd would need to come rather sooner than later.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.