©Master of Elliott Wave: Hua (Shane) Cuong, CEWA-M.
The wave ((b))-navy itself is a Zigzag, labeled wave (a)-orange, and the most recent wave (b)-orange is probably also finished, now we could be moving up with wave (c)-orange. While price must remain above 2,605.085 to maintain this view.
Alternative scenario (ALT, less likely): Shows that wave (b)-orange is not finished yet, but has a leg to push lower.
Key point: 2,605.085
The wave ((b))-navy itself is a Zigzag, labeled wave (a)-orange, and the most recent wave (b)-orange is probably also finished, now we could be moving up with wave (c)-orange. While price must remain above 2,605.085 to maintain this view.
Alternative scenario (ALT, less likely): Shows that wave (b)-orange is not finished yet, but has a leg to push lower.
Key point: 2,605.085
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