Count is largely based on Godly's EW count. But I have included some intrinsic changes based on careful analysis. Mostly in the subwaves of the triangle.
Overall retracement type is a double zig-zag.
ABC - ABCDE triangle (X) - ABC
Most Probable target for end of retracement: 4640 If that breaks down, 2870
Comment
Subwaves of the waves A and B of the (B) wave of the triangle
Comment
Seems like waves 1 and 2 of the (C) wave are done:
Comment
Current count of subwaves:
Comment
Correction most likely comes to an end here
pinned through the 76.4% support.
If we form a lower low now, it would invalidate the target and the next support will be 2840 (85.4% mark)
Comment
76.4% support didn't hold. Approaching 85.4% line now.
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.