BYD.....Correction within a wave c!Hello Traders,
since my latter analysis, BYD has made no progress.
Instead, it was declining to 260 area, where the bullish count would be negated for the moment.
I have revised the count.
As a result, I count BYD correcting within a waves c of (y) of ((ii))!
Today, waves (3) (Micro degree) could have end!?
If so, the next move will be to the upside, developing as an a-b-c, finishing waves ((4)). After a decline below today's low is in the cards; finishing waves ((5)) of c of (y) of ((ii))!
At the bigger picture, this move, if so to come, will end a large correction, and BYD will start a new impulse within a wave's 3! Targets for this scenario are well above seen levels.
Have a great week....
Ruebennase
Feel free to ask or comment!
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