- Compare WAVE 3 & 5's MACD, WAVE 5 lost momentum compares to WAVE 3, double top formation - Both Wave 3 of WAVE 5 & Wave 3 of WAVE 3 has RSI extreme reading, support Wave 3 count makes sense - RSI trendline broke and now RSI is below 50 on weekly chart, which is really bearish - Comparing time circle of WAVE 3 & 5, it shows WAVE 5 is shorter than WAVE 5 on time period - Forecast its target on WAVE 4's low which is 1935, according to EW guideline
WAVE 5 zoom out