Our Green Wave 2 was a Flat and we could expect a Zigzag for the 4th Wave(Green). Zigzags have 3 waves just as Flats but they do not allow their B Waves to go beyond the previous impulse-- in our case Wave 3(Green). A retest and confirmation at the 161.8% Fib would trigger a Wave C(Red) and on its completion, would be named B(Black). A retest around the Fib 261.8% would trigger a Wave 4(Green) or C(Black).
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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.