ZM (update)Now that we have gotten to the (Green zone) their is only (2) scenarios to look at. We are what looks like are at the "Ending" of the last part of the "5th wave minuette" of the "(3rd wave or (C wave) " which what looks like an "Ending pattern" . So now the only possibilities is that either this is an (ABC) to enter a (WXYXZ pattern) which is #1 scenario, and #2 scenario which is the "5 wave down" and knowing we have a deep "Wave 2" this " Wave 4" will be towards the following zones for a (Shallow retrace). Now the only way to know if this isnt the "5 waves down" and is the (WXYXZ pattern) is to have it break the zones and break the (.618 fibonacci Algo zone) which will lead to further upside before continued down fall.For #1 i have put zones and targets zones. As always these are my opinions.
As always happy trading : )