Overview: in the previous update, our expectations was that we are already in (II), which was invalidated as we made a higher high.
Update: what I see is that the high made on Dec. 1st was the peak of wave (I) and right now, we are in the early stages of developing wave (II). I will wait for more price action to develop to propose a structure for wave (II) and currently, the best confirmation is the breakdown through the ascending trendline.
Update: what I see is that the high made on Dec. 1st was the peak of wave (I) and right now, we are in the early stages of developing wave (II). I will wait for more price action to develop to propose a structure for wave (II) and currently, the best confirmation is the breakdown through the ascending trendline.
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