Above is a clear count of 5 wave impulse which makes up the wave (A) of a zigzag correction (5-3-5) then followed by a triangle correction which serves as the wave B. According to Elliot wave rules, a triangle pattern more often that not appears as wave B or wave 4.
Now we are in a short position for the C leg of the zigzag correction .
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Disclaimer
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.