The Ending Diagonal that took 10 months to form finally ended on August 5 after the market closed when Q3 earnings did not meet expectations. Expect an impulsive wave I down, probably a lot faster than the 10 months it took for the ED to form.
Note
Double zig zag still possible. X has extended all the way to $120. Sub wave 1 down and 2 (ABC) looks complete and sub wave 3 down in progress. target around $105
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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.