Looks like the recent move was a leading diagonal for Wave C down.
This explains why it is a shallow retracement.
Double and Triple Zig Zags do not exist so it cannot be that.
Wave ii - Wave E resistance: 1.13109
Looking for further weakness.
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This explains why it is a shallow retracement.
Double and Triple Zig Zags do not exist so it cannot be that.
Wave ii - Wave E resistance: 1.13109
Looking for further weakness.
Please LIKE and FOLLOW to get notification of updates and future posts.
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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.
Related publications
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.