It is good to know the entire bull market lasted 1024 calendar days(geometric sequence) from 10 July 2019- 29 April 2022 because it can provide a time perspective of the corrective phase.
A high probable 5 wave down sequence surfaced postulating a potential zig zag.
Its also interesting to note the 5 wave down took 152 days (14.8%) before rebounding up.
Prices at 38.2% and 50% of its time projection should be worth noting.
To date, a 3 wave structure is likely completed or near completion and would have to see how the market unfold going forward.
A high probable 5 wave down sequence surfaced postulating a potential zig zag.
Its also interesting to note the 5 wave down took 152 days (14.8%) before rebounding up.
Prices at 38.2% and 50% of its time projection should be worth noting.
To date, a 3 wave structure is likely completed or near completion and would have to see how the market unfold going forward.
To be clear the 5 wave down is posted as wave A and followed by wave B up. Can expect to see 3 waves formation on the way up and as it unfolds the objective of wave B.