A 5-wave structure as a wave A points to much more downside. We seem to be consolidating in a descending triangle before this move occurs. This will be a large zig-zag formation with 5 waves down for a wave C. Wait for wave C to finish before entering into a long position.
Yorum:
Too early to call a 10 dollar range for now. DM is moving in an impulse wave up first then we will re-evaluate
