Possible decline in the wave ((2)) ALt -one more high

Basic scenario - there is the wave 3 of (C) of ((2)) in underway. The possible shape of the wave (C) is a diagonal. So the wave ((2)) is going to be a ZigZag. RSX is heavily to the downside, that supports the idea with wave 3 down. But still there are only three waves down, so the alternative with one more high is still possible.
Alternative scenario also supposes a rise. According to the Alternative scenario there will be a final rise in to the new top in the C of (B) of ((2))
The upside should start from the current levels without breaking a channel of the decline. The whole wave B of (2) is to form the combination WXY. The possible levels in this case are around 43

Yorum:

Close to the possible end of the decline under the BS where the current decline is the (C) of ((2)) Zigzag shape

Yorum:

Wave 3 extension. BS -4-5 sequence. Alternative - up in the wave ((3))

İşlem kapandı: hedefe ulaştı:

Possible end of the ((2)). The rise looks like impulse to me. Alt count - still in (C) downside. Now in ((c)) of 4 (Flat shape). The shape of the decline will tell which scenario is true to the Market