the move down from the 69k top is a clear zigzag (purple circled abc) correction and the first part of an even bigger correction.
this means that this abc is wave A of an ABC of a higher degree (red circled abc)
my assumption is that the choppy move in the rectangle still belongs to the first part of the correction and will end at approx. 44.8k, before another move to 56k starts, which is B of the macro ABC
From B we will see another leg down, equal to A in length, which will become the C wave and the end of the correction.
note: it is possible that A is already done and wave B started at point B (lilac ABC) in the rectangle at 45390. i keep that in mind too.
i hope you enjoy the content. pls feel free to like and comment below.
best,
waverunner
this means that this abc is wave A of an ABC of a higher degree (red circled abc)
my assumption is that the choppy move in the rectangle still belongs to the first part of the correction and will end at approx. 44.8k, before another move to 56k starts, which is B of the macro ABC
From B we will see another leg down, equal to A in length, which will become the C wave and the end of the correction.
note: it is possible that A is already done and wave B started at point B (lilac ABC) in the rectangle at 45390. i keep that in mind too.
i hope you enjoy the content. pls feel free to like and comment below.
best,
waverunner