Would like to check with those in EW if the initial 5 count and ABC correction is valid.
If its wrong could you please explain to me where I fall wrong or any EW rules I am not respecting.
Technically that would consist of the first impulse wave i and ii meaning we are in the start of iii with more downside to come.
More charts for closer visuals
Not
Impulse wave 1 done. Now we should do a correction phase to 2. Base on EW usually wave 2 is the .5 fib or .618 fib.
Not
Seems like of a zig zag correction it did a running triangle with a continuation downwards. Now we are going to go for a 3/5 of this 3rd wave = huge drop soon.
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