The 5 subwaves down indicate the completion of a very steep wave C. What followed was an extended correction connected with a wave X marked by the WXY. Then another ABC correction came followed by another extended correction.
The next wave C was also very steep but much steeper than the previous C. This means there was no support and that the average price is getting lower and lower with every extended correction.
What's occurring now looks to be another extended correction with a wave X. This means another ABC correction will follow. The only hope is that the wave C will have some support and that an impulse wave will come after.
The next wave C was also very steep but much steeper than the previous C. This means there was no support and that the average price is getting lower and lower with every extended correction.
What's occurring now looks to be another extended correction with a wave X. This means another ABC correction will follow. The only hope is that the wave C will have some support and that an impulse wave will come after.
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.