According to illiotticians the market moves in 5-3-5-3-5 on another term "cycles", every cycle has a cycle inside it(degree) after a five waves we expecting 3 waves minimum as a correction, there's a time correction and price correction, when the first cycle(in this situation) finished, the correction has two options a depth pullback or take a higher time than the cycle.
There's at least 10 forms of correction the simple one is the Zigzag (5-3-5) the wave A has a fast moving unlike the wave B taken much time, the wave C certain time take the same timing as A
So the wave A(5) and the wave B(3) has ended, now we expecting the wave C to begin so as so the correction complete (ABC zigzag) at 8$ and below.
There's at least 10 forms of correction the simple one is the Zigzag (5-3-5) the wave A has a fast moving unlike the wave B taken much time, the wave C certain time take the same timing as A
So the wave A(5) and the wave B(3) has ended, now we expecting the wave C to begin so as so the correction complete (ABC zigzag) at 8$ and below.
