Marked in Blue is the Main Wave. This wave expressed itself in 5 Waves. Though incomplete at the moment, we can see that Wave 4 is completed and a lunge to the upside would complete Wave 5(Red), hence Wave 3(Blue) of the Main Wave. After 3(Blue) is complete, a Wave A would begin for the Flat as a Wave 4(Blue). How do I know it would be a Flat? Because Wave 2(Blue) was a Zigzag.
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.
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.