As we can see in the structure every down movement has been fast and every upward movement has been slow so i am expecting a fast downward movement soon when fifth wave is completed. I beleive it will come down because the current upward movement seems to be a flat structure 3-3-5 meaning that is only an x in the complete w-x-y-x-z pattern. After the last movement...
With the big picture I see a corrective structure which I assume as a 4 wave because of its horizontal movement. In this case we are about to finish the 5 wave and should be expecting a corrective movement at least to the 38 fib which matches with 4 of the previews movement. If the corrective wave that I label 4 is instead a 2 wave then we should be expecting also...
We can see a clear zig zag that reached the 4 of the previews wave. Unless it forms a flat, it is going to start the 5 move which could be extended. Check out the long term idea
We can see a triangle which is a continuation form so im expecting more down and then a retest of the resistance to see if this has been a 2 wave and expect a 3 or its the end the 5 moves to start the 3 wave correction.
