A shallow wave 2 means its more likely wave 4 would end deep, around (.618).
Also, wave 5 would presumably truncate in consideration that wave 3 drained up momentum in its advance.
Also, wave 5 would presumably truncate in consideration that wave 3 drained up momentum in its advance.
Penafian
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Penafian
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.