Wave (c) of the irregular correction wave a is overthrowing down the bottom, most likely towards the 70,000s, before reversing on a corrective advance wave b next month.
This wave (c) declines in the form of an expanding diagonal where wave [ii] overlaps [iv] and also respecting Alternation when the very small wave [ii] alternates with the complex [iv].
The Strategy is to setup for longs in March for new high.
This wave (c) declines in the form of an expanding diagonal where wave [ii] overlaps [iv] and also respecting Alternation when the very small wave [ii] alternates with the complex [iv].
The Strategy is to setup for longs in March for new high.
Trade active
Further downside potential is expected towards the 67,000s
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Disclaimer
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.