IWM: 3/15/2020
Wave is in Wave 4 correction, but I believe it's nearly done.
Historically, IWM always corrects to the 0.5 fib, and the 3 wave corrections normally have the last wave extended to the 1.382 fib.
Currently, we put in a WXY flat, Wave W + X are clearly 3 waves in nature meaning this is not the start of a larger impulse down,
However a more complex correction could still be in store, where the WXY is just a component of this larger correction. But based on historical behavior I don't believe this to be the case. In the previous Wave 4 of a smaller degree, the correction was a simple 3 wave move.
Wave is in Wave 4 correction, but I believe it's nearly done.
Historically, IWM always corrects to the 0.5 fib, and the 3 wave corrections normally have the last wave extended to the 1.382 fib.
Currently, we put in a WXY flat, Wave W + X are clearly 3 waves in nature meaning this is not the start of a larger impulse down,
However a more complex correction could still be in store, where the WXY is just a component of this larger correction. But based on historical behavior I don't believe this to be the case. In the previous Wave 4 of a smaller degree, the correction was a simple 3 wave move.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.