This EW count does a good job of counting the loop, or 3 wave structure that occurs after the A wave. After the A wave there is only 3 waves. There is no way to count 5 waves down from top to bottom. This tells me either we have a zigzag outlined in my previous post or we are making a zigzag with an expanded flat for B, and currently in c of B. This similar wave structure occured back in June 2018 except the A wave was a diagonal. The C wave is expected to come all the way back to previous 4 outlined in chart, so the bounce is expected.
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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.