An idea for Bearish Paths

1 Tem 2023

A rough sketch of two predicted bearish paths.
We could see five pivots as one wave (of course, the breakout of the previous high would invalidate this assumption).

If it's WXYXZ- black.
If it's a less-than-ideal impulse wave, 12345.

This is derived from potential S&R that Gann Square, wave analysis, and the pitchfork can assume.

3 Tem 2023

Not

update.
seems impulse wave formation unlikely.
instead, i plotted double zigzag WXY or triple zigzag WXYXZ scenario.