See picture.
The scenario shown here is the most bearish one, with wave C extended beyond the end of wave A.
It is also possible for wave C to end near wave A, forming a double bottom.
More bullish still is if wave C terminates above the end of wave A. I don't think the market sentiment is this bullish to make this very likely.
The scenario shown here is the most bearish one, with wave C extended beyond the end of wave A.
It is also possible for wave C to end near wave A, forming a double bottom.
More bullish still is if wave C terminates above the end of wave A. I don't think the market sentiment is this bullish to make this very likely.
