Overview: in the last update, I expected that we are in wave 4 of c of (y) of b. So the basic idea was that we needed a pullback followed by a final push higher.
Update: I am still having the same idea, but with a little bit of relabeling to my hourly count: I think we are developing wave b as a triple zigzag and right now, the second wave (x) is developing as a flat with its wave 5 of c still missing.
Note that wave b can be complete as a double zigzag and the confirmation for that is if we break the ascending trendline on the hourly chart.
Update: I am still having the same idea, but with a little bit of relabeling to my hourly count: I think we are developing wave b as a triple zigzag and right now, the second wave (x) is developing as a flat with its wave 5 of c still missing.
Note that wave b can be complete as a double zigzag and the confirmation for that is if we break the ascending trendline on the hourly chart.
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Related publications
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.