This might be a sideways (flat) 3-3-5 correction wave of higher level correction.
Theoretically Wave C should land somewhere between 3200 and 4000. I think it will be around the major support level of 3625.
After reaching C, we must look for signs of retrace, which would convert the ABC correction wave to bearish impulse wave
(targeting a lower point around 3000).
What do you think?
Don't take this as a financial advice. I've little experience.
Theoretically Wave C should land somewhere between 3200 and 4000. I think it will be around the major support level of 3625.
After reaching C, we must look for signs of retrace, which would convert the ABC correction wave to bearish impulse wave
(targeting a lower point around 3000).
What do you think?
Don't take this as a financial advice. I've little experience.