Hello Traders,
since my latter analysis, BYD has made no progress.
Instead, it was declining to 260 area, where the bullish count would be negated for the moment.
I have revised the count.
As a result, I count BYD correcting within a waves c of (y) of ((ii))!
Today, waves (3) (Micro degree) could have end!?
If so, the next move will be to the upside, developing as an a-b-c, finishing waves ((4)). After a decline below today's low is in the cards; finishing waves ((5)) of c of (y) of ((ii))!
At the bigger picture, this move, if so to come, will end a large correction, and BYD will start a new impulse within a wave's 3! Targets for this scenario are well above seen levels.
Have a great week....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
The editor is invested!
since my latter analysis, BYD has made no progress.
Instead, it was declining to 260 area, where the bullish count would be negated for the moment.
I have revised the count.
As a result, I count BYD correcting within a waves c of (y) of ((ii))!
Today, waves (3) (Micro degree) could have end!?
If so, the next move will be to the upside, developing as an a-b-c, finishing waves ((4)). After a decline below today's low is in the cards; finishing waves ((5)) of c of (y) of ((ii))!
At the bigger picture, this move, if so to come, will end a large correction, and BYD will start a new impulse within a wave's 3! Targets for this scenario are well above seen levels.
Have a great week....
Ruebennase
Feel free to ask or comment!
Trading this analysis is at your own risk!
The editor is invested!