Looks like we've reached our previous ideas goals. Wow, I can't believe it....
Question is... where are we right now? Looks like there are the next two possible scenarios to me:
1) Correction wave (ABC) in red has finished and we are in the Bearish impulse wave (orange), if this is the case, we should have topped 2nd wave heading to the 3rd down wave.
2) I tend to simplify correction waves (don't finish to understand ABCDE WXY) so we can still be in the correction wave (ABC) in blue. If this is the case we should be in the beginning of wave C. 300 area might be a resistance level that, if broken, could lead us to the red boxes area depending where wave 3 (green) ends.
Well, as always, we will just have to wait and see....
Question is... where are we right now? Looks like there are the next two possible scenarios to me:
1) Correction wave (ABC) in red has finished and we are in the Bearish impulse wave (orange), if this is the case, we should have topped 2nd wave heading to the 3rd down wave.
2) I tend to simplify correction waves (don't finish to understand ABCDE WXY) so we can still be in the correction wave (ABC) in blue. If this is the case we should be in the beginning of wave C. 300 area might be a resistance level that, if broken, could lead us to the red boxes area depending where wave 3 (green) ends.
Well, as always, we will just have to wait and see....
