WULFAccording to the bearish alternative in my weekly frame (not the chart below and not posted recently), the entire countertrend rally, which has developed in an ABC zigzag sequence as anticipated in the analysis which I posted on May 12, may have reached a very late stage where an adjusted expanding diagonal as the thorough Minor degree wave C remains at the start point of a final advance as its 5th subdivision. It will conclude the entire correction upward since April 9.
WULF's Bearish Alternative :Wave Analysis >> As depicted on this 3h-frame above, the structure of the entire countertrend advance, which has developed since April 9, may be considered in a thorough ABC zigzag correction, in which Minor degree wave C should have diagonally reached its very late stage now. It would likely achieve its expansion target >> 5.55.
And it would be a 170% gain of a countertrend rally at the end!!
Now, 8.6% of the advance remains to complete a possible ending expanding diagonal upward as the Minor degree wave C.
Trend Analysis >> The countertrend upward as Intermediate degree wave (B) will probably change to decline in the same degree wave (C) very soon!! And it'll likely last until the end of the year.
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