Overview: let’s review the key expectations on the previous update:
Update: based on the structure of lower timeframes, I am expecting wave 2 to develop as a flat. Waves a and b of flag have been completed and right now we are in wave (II) of c of 2.
- We peaked for wave 1.
- What follows is wave 2 to retrace some part of wave 1 and most probably fill the gap of 26th January 2023.
- Wave 2 as a double zigzag, but early to come up with a structure.
- At this point, we should move to the upside in a corrective manner.
Update: based on the structure of lower timeframes, I am expecting wave 2 to develop as a flat. Waves a and b of flag have been completed and right now we are in wave (II) of c of 2.
